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Buy and Hold ROI Calculator

A buy-and-hold rental produces returns four ways. This calculator combines them — cash flow, appreciation, principal paydown, and tax shield — to compute total and annualized ROI over your planned hold.

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Total ROI over hold

223.71%

Annualized ROI

12.46%

Cumulative cash flow

$30,000

Appreciation gain

$108,334

Principal paydown

$31,197

Tax shield value

$25,658

depreciation × rate

How the math works

Buy-and-hold total return blends four wealth levers: cash flow (monthly), appreciation (home value growth), principal paydown (tenant-funded amortization), and tax benefits (depreciation shield). A single property often produces 15–25%+ annualized total return once all levers are counted.

Sensitivity to assumptions matters. Cash flow and principal paydown are usually the most reliable. Appreciation varies with market; tax shield depends on your ability to use passive losses. Don't overweight appreciation in your decision.

How to Use

  1. Enter purchase price and down payment.
  2. Enter loan rate and closing costs including rehab.
  3. Enter net monthly cash flow.
  4. Set annual appreciation assumption. National average ≈ 3%; high-growth metros 5–7%.
  5. Enter planned hold and marginal tax rate.

Frequently Asked Questions

What's a realistic appreciation rate?

3% is a conservative national average since 1970 (inflation-matched). High-growth metros have run 5–7% for long stretches. Use your own market's 20-year appreciation, not short-term spikes or drops.

Why include principal paydown?

Because tenants fund it. Over 10 years on a $225k loan at 7.5%, tenants will pay down ~$30k of principal. That's equity you gain without contributing cash out of pocket.

Can I actually use the tax shield?

Only if you qualify: $25k passive loss allowance (AGI under $100k, phasing out by $150k), or real estate professional status, or passive income to offset. Without either, the shield is deferred until sale (reduces recapture).

What's a good total ROI?

15–25% annualized is typical for buy-and-hold. Lower in very tight markets (coastal) where appreciation carries most of the return; higher in cash-flow markets (Midwest). Over 30% annualized usually requires leverage or flip mechanics.

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