Calgary Investment Property Calculator
Quick Answer
For a $450,000 Calgary rental property with 20% down, $2,200/month rent, and typical expenses, expect approximately $100-200/month cash flow at current rates. Cap rates in Calgary typically range from 4-6% depending on the neighborhood and property type.
Calculator
Property Details
Monthly Expenses
Monthly Cash Flow
-$755.31
💡 What This Means for You
This property costs you $755.31/month — it's cash-flow negative. You'd be relying on appreciation and principal paydown for returns.
How It Works
Cap Rate = Net Operating Income / Purchase Price. This measures the property's return independent of financing. A higher cap rate means higher return (but often higher risk).
Cash-on-Cash Return = Annual Cash Flow / Total Cash Invested. This measures your return on the actual cash you put in, including leverage effects.
Investment properties in Canada require a minimum 20% down payment and often carry higher interest rates (0.10–0.25% premium).
Real Calgary Scenarios
Frequently Asked Questions
What's a good cap rate for Calgary?
For residential rental properties in Calgary, cap rates of 4-6% are typical. Condos tend toward 4-5%, while multi-family can reach 5-7%. Compare to your mortgage rate — if your cap rate is below your rate, you're likely cash-flow negative.
Do I need 20% down for an investment property?
Yes, Canadian lenders require at least 20% down for investment/rental properties. CMHC insurance is not available for investment properties. Some lenders require 25% for properties with more than 4 units.
Can I use rental income to qualify?
Yes, most lenders add 50-80% of the rental income to your qualifying income. This helps offset the new mortgage payment in your debt ratios. You'll need a signed lease or market rent appraisal.
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