Run the numbers on a Calgary rental
A promising listing deserves a property-specific budget. Use the calculator to separate the purchase price, rents, recurring costs and financing before comparing investment options.
Build the budget from documents
Start with the current property tax information, insurance quote, lease agreements or supported rent comparisons, utility responsibilities and a financing quote. For a condominium, review the available condo documents, operating budget, reserve information and any known assessments.
The calculator presets are illustrative learning examples, not current Calgary sale prices, rent estimates or mortgage offers. Ask a qualified professional to review the property and financing assumptions.
- Separate owner-paid utilities from tenant-paid utilities.
- Confirm any secondary suite’s status with the City and your advisers.
- Budget routine maintenance separately from major replacements.
- Include legal, inspection, renovation and other closing cash needs.
An illustrative house and suite
Try a hypothetical $650,000 property with $2,600 monthly main-unit rent and $1,400 suite rent. Use 20% down, 5% mortgage interest, 5% vacancy, $4,200 annual property tax and $1,800 annual insurance. Add your own utility, management, repair and reserve allowances. These are assumptions for learning, not verified local averages.
Compare the base case with lower rent and higher financing costs. A suite adds income only when it is enabled in the calculator; unused suite values do not count toward revenue.
Go from an estimate to a property review
A calculation cannot confirm a building’s condition, permitted use, tenant obligations or financing eligibility. Use the printable analysis to organise your questions for a MITEY mortgage or real estate professional.