If you own or are thinking about buying a rental property, understanding your return on investment (ROI) is one of the most important steps you can take. A cap rate calculator makes it simple to see how much income your property generates compared to its value. Our Cap Rate Calculator lets you enter a few numbers and instantly review your cap rate. This gives you a clear picture of whether a property is worth your time and money. What Is a Cap Rate and Why Does It Matter? The capitalization rate is a percentage that measures a rental property’s annual net operating income (NOI) relative to its purchase price or current market value. For example, if a property generates 12,000 in NOI per year and is worth 200,000, the cap rate would be 6%. This number helps investors quickly compare different properties and decide which ones offer the best returns for their investment goals. A higher cap rate often means higher potential returns, but it can also signal higher risk. A lower cap rate ...

Figuring out how much rent you can afford in New York City (NYC) can feel overwhelming, especially with the city’s famously high housing costs. If you’re not sure where to start, using our  Rent Affordability Calculator can help you quickly determine a realistic budget based on your income and expenses. This takes the guesswork out of the process and gives you a data-driven number you can work with. Whether you’re moving to NYC for the first time or you’ve been there for years, understanding your rent affordability is the first step toward making a confident housing decision. Understanding the 30% Rule for Rent in New York City One of the most common guidelines for rent affordability is the 30% rule, which suggests spending no more than 30% of your gross monthly income on rent. In NYC, this can be tricky because average rents often exceed that threshold, especially in high-demand neighborhoods like Manhattan or Williamsburg. While it’s a helpful starting point, the 30% rule does...

Figuring out "How Much Rent Can I Afford?" may feel like solving a puzzle with way too many pieces such as income, bills, savings goals, and even how often you eat out. If you’re ready to skip the guesswork, try our free Rent Affordability Calculator . This calculator crunches the numbers in seconds and helps you set a realistic rent budget. Overspending on rent doesn’t just pinch your wallet, but it can delay your savings goals, and even increase debt. The right rent budget helps you keep your finances balanced, avoid moving sooner than you’d like, reduce financial stress, as well as enjoy more flexibility for fun, emergencies, and future goals. The 30% Rule (And Why It’s Not Perfect) One popular rule says you should spend no more than 30% of your gross monthly income on rent. For example, if you earn $4,000 a month before taxes, 30% would be $1,200. The issue with this percentage doesn’t account for student loans, car payments, or high utility costs. It also ignores yo...

Whether you’re buying your first home, managing a rental property, planning renovations, or simply curious about your home’s value, you’ve just found your favorite new resource. The Homebase Calculators Blog is here to make the complicated side of homeownership, renting, and investing simpler and clearer. Our mission is to give you the tools, tips, and insights you need to make smarter decisions about your home and property investments. We believe that when you have the right data and an easy way to understand it, you can save money, reduce stress, and avoid costly mistakes. At  Homebase Calculators , we’ve created a collection of easy-to-use, interactive calculators that help you crunch the numbers before making big decisions. This blog will be your companion to those tools, providing context, step-by-step guides, and real-world scenarios that show you how to put your results into action. Whether you’re here for rent affordability estimates, mortgage planning, rent to own versus t...