#rental property

Cap rate is net operating income divided by price, and it's the fastest way to compare two properties on an apples-to-apples basis. Here is how to calculate it, what NOI leaves out, and why chasing the highest number is usually a trap.

Rental cash flow is the least interesting thing about being a landlord. The returns come from appreciation, principal paydown, and the depreciation shelter, and almost nobody walks through the full math. Here it is.