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Rental Property Affordability Index

How much cash do you need to buy an investment property? Calculated with today's DSCR loan rates.

Based on 25% down, 3% closing costs, 6 months reserves. Rate: 5.87% (live).

Most Affordable Markets to Enter

Lowest total cash needed (down payment + closing + reserves)

CityMedian PriceDown (25%)Total CashMo. Cash FlowDSCRCoC Return
Detroit, MI$120,000$30,000$38,532+$781.222.4%
Toledo, OH$130,000$32,500$41,800$-901.00-2.6%
Akron, OH$130,000$32,500$41,800$-901.00-2.6%
Rockford, IL$130,000$32,500$42,040$-1300.96-3.7%
Peoria, IL$130,000$32,500$42,040$-1300.96-3.7%
Dayton, OH$140,000$35,000$44,948$-1030.99-2.8%
Shreveport, LA$150,000$37,500$47,280$-701.02-1.8%
Charleston, WV$150,000$37,500$47,328$-781.01-2.0%
Jackson, MS$150,000$37,500$47,484$-591.04-1.5%
Macon, GA$150,000$37,500$47,640$-851.01-2.1%

Best Monthly Cash Flow

Highest estimated monthly cash flow after PITIA, vacancy, and maintenance

CityMedian PriceRentPITIAMo. Cash FlowDSCRCoC Return
Detroit, MI$120,000$1,000/mo$822/mo+$781.222.4%
Mobile, AL$160,000$1,000/mo$914/mo$-141.09-0.3%
Jackson, MS$150,000$950/mo$914/mo$-591.04-1.5%
Memphis, TN$180,000$1,100/mo$1,055/mo$-651.04-1.4%
Shreveport, LA$150,000$900/mo$880/mo$-701.02-1.8%
Charleston, WV$150,000$900/mo$888/mo$-781.01-2.0%
Macon, GA$150,000$950/mo$940/mo$-851.01-2.1%
Birmingham, AL$175,000$1,000/mo$986/mo$-861.01-1.9%
Montgomery, AL$175,000$1,000/mo$986/mo$-861.01-1.9%
Toledo, OH$130,000$900/mo$900/mo$-901.00-2.6%

Best Cash-on-Cash Return

Highest annual return on your total cash invested

CityTotal CashAnnual Cash FlowCoC ReturnDSCR
Detroit, MI$38,532$9362.4%1.22
Mobile, AL$50,284$-168-0.3%1.09
Memphis, TN$56,730$-780-1.4%1.04
Jackson, MS$47,484$-708-1.5%1.04
Shreveport, LA$47,280$-840-1.8%1.02
Birmingham, AL$54,916$-1,032-1.9%1.01
Montgomery, AL$54,916$-1,032-1.9%1.01
Charleston, WV$47,328$-936-2.0%1.01
Macon, GA$47,640$-1,020-2.1%1.01
Lansing, MI$47,940$-1,080-2.3%1.01

All 227 Markets

CityPriceRentCash NeededCash FlowDSCRCoC
Detroit, MI$120,000$1,000$38,532+$781.222.4%
Toledo, OH$130,000$900$41,800$-901.00-2.6%
Akron, OH$130,000$900$41,800$-901.00-2.6%
Rockford, IL$130,000$900$42,040$-1300.96-3.7%
Peoria, IL$130,000$900$42,040$-1300.96-3.7%
Dayton, OH$140,000$950$44,948$-1030.99-2.8%
Shreveport, LA$150,000$900$47,280$-701.02-1.8%
Charleston, WV$150,000$900$47,328$-781.01-2.0%
Jackson, MS$150,000$950$47,484$-591.04-1.5%
Macon, GA$150,000$950$47,640$-851.01-2.1%
Topeka, KS$150,000$900$47,940$-1800.91-4.5%
Lansing, MI$150,000$1,000$47,940$-901.01-2.3%
Davenport, IA$150,000$900$48,048$-1980.89-5.0%
Cleveland, OH$150,000$1,000$48,090$-1150.98-2.9%
Springfield, IL$150,000$950$48,372$-2070.89-5.1%
Mobile, AL$160,000$1,000$50,284$-141.09-0.3%
Brownsville, TX$165,000$900$52,980$-3200.80-7.3%
Birmingham, AL$175,000$1,000$54,916$-861.01-1.9%
Montgomery, AL$175,000$1,000$54,916$-861.01-1.9%
Warren, MI$175,000$1,100$55,786$-1410.97-3.0%
Rochester, NY$175,000$1,100$56,080$-1900.93-4.1%
Syracuse, NY$175,000$1,100$56,080$-1900.93-4.1%
Memphis, TN$180,000$1,100$56,730$-651.04-1.4%
Amarillo, TX$185,000$1,050$59,288$-3030.84-6.1%
McAllen, TX$185,000$1,000$59,288$-3480.80-7.0%
Tulsa, OK$190,000$1,050$60,010$-1900.92-3.8%
Wichita, KS$190,000$1,000$60,490$-3150.82-6.3%
Little Rock, AR$200,000$1,100$62,846$-1510.96-2.9%
Fort Wayne, IN$200,000$1,050$63,074$-2340.89-4.5%
Oklahoma City, OK$200,000$1,100$63,122$-1970.93-3.8%
Augusta, GA$200,000$1,100$63,224$-2140.91-4.1%
St. Louis, MO$200,000$1,100$63,296$-2260.90-4.3%
Springfield, MO$200,000$1,050$63,296$-2710.86-5.1%
Milwaukee, WI$200,000$1,100$63,944$-3340.83-6.3%
Buffalo, NY$200,000$1,100$63,962$-3370.83-6.3%
Lubbock, TX$200,000$1,100$64,022$-3470.82-6.5%
Laredo, TX$200,000$1,100$64,022$-3470.82-6.5%
El Paso, TX$210,000$1,100$67,182$-4070.79-7.3%
Killeen, TX$210,000$1,200$67,182$-3170.86-5.7%
Baton Rouge, LA$225,000$1,100$70,476$-2560.88-4.4%
Columbia, SC$225,000$1,200$70,530$-1750.96-3.0%
Winston-Salem, NC$225,000$1,200$70,836$-2260.92-3.8%
Fayetteville, NC$225,000$1,200$70,836$-2260.92-3.8%
Louisville, KY$225,000$1,100$70,854$-3190.84-5.4%
Des Moines, IA$225,000$1,100$71,622$-4470.77-7.5%
Cincinnati, OH$225,000$1,100$71,688$-4580.76-7.7%
Omaha, NE$225,000$1,200$71,802$-3870.82-6.5%
Corpus Christi, TX$225,000$1,200$71,916$-4060.81-6.8%
Pasadena, TX$225,000$1,300$71,916$-3160.88-5.3%
Waco, TX$225,000$1,200$71,916$-4060.81-6.8%
Hartford, CT$225,000$1,300$72,138$-3530.85-5.9%
Wilmington, DE$250,000$1,300$78,304$-2140.94-3.3%
Hampton, VA$250,000$1,300$78,592$-2620.91-4.0%
Greensboro, NC$250,000$1,200$78,604$-3540.84-5.4%
Indianapolis, IN$250,000$1,200$78,616$-3560.84-5.4%
Kansas City, MO$250,000$1,200$78,892$-4020.81-6.1%
Columbia, MO$250,000$1,100$78,892$-4920.74-7.5%
Sterling Heights, MI$250,000$1,200$79,306$-4710.77-7.1%
Pittsburgh, PA$250,000$1,300$79,468$-4080.82-6.2%
Lincoln, NE$250,000$1,100$79,678$-6230.68-9.4%
Joliet, IL$250,000$1,400$80,020$-4100.84-6.2%
New Orleans, LA$275,000$1,400$85,934$-2290.94-3.2%
Chattanooga, TN$275,000$1,200$86,198$-4530.78-6.3%
Clarksville, TN$275,000$1,300$86,198$-3630.85-5.0%
Norfolk, VA$275,000$1,400$86,360$-3000.90-4.2%
Lexington, KY$275,000$1,200$86,402$-4870.77-6.8%
Tallahassee, FL$275,000$1,300$86,570$-4250.82-5.9%
Fargo, ND$275,000$1,100$86,570$-6050.69-8.4%
Pensacola, FL$275,000$1,400$86,570$-3350.88-4.6%
Grand Rapids, MI$275,000$1,300$87,146$-5210.77-7.2%
Philadelphia, PA$275,000$1,600$87,326$-2810.93-3.9%
Columbus, OH$275,000$1,300$87,422$-5670.75-7.8%
San Antonio, TX$275,000$1,400$87,698$-5230.79-7.2%
Midland, TX$275,000$1,300$87,698$-6130.73-8.4%
College Station, TX$275,000$1,200$87,698$-7030.67-9.6%
Aurora, IL$275,000$1,500$87,926$-4710.82-6.4%
New Haven, CT$275,000$1,500$87,968$-4780.82-6.5%
Huntsville, AL$300,000$1,300$93,498$-4130.82-5.3%
Greenville, SC$300,000$1,400$93,738$-3630.86-4.7%
Myrtle Beach, SC$300,000$1,500$93,738$-2730.92-3.5%
Tucson, AZ$300,000$1,300$93,876$-4760.79-6.1%
Knoxville, TN$300,000$1,300$93,948$-4880.78-6.2%
Albuquerque, NM$300,000$1,300$94,086$-5110.77-6.5%
Gainesville, FL$300,000$1,400$94,356$-4660.81-5.9%
Lakeland, FL$300,000$1,400$94,356$-4660.81-5.9%
Savannah, GA$300,000$1,400$94,386$-4710.81-6.0%
St. Paul, MN$300,000$1,400$94,626$-5110.79-6.5%
Sioux Falls, SD$300,000$1,200$94,686$-7010.67-8.9%
Houston, TX$300,000$1,500$95,586$-5810.78-7.3%
Arlington, TX$300,000$1,500$95,586$-5810.78-7.3%
Garland, TX$300,000$1,500$95,586$-5810.78-7.3%
Fort Worth, TX$310,000$1,500$98,740$-6400.75-7.8%
Cheyenne, WY$325,000$1,200$101,572$-6820.68-8.1%
Richmond, VA$325,000$1,400$101,902$-5570.77-6.6%
Jacksonville, FL$325,000$1,500$102,142$-5070.81-6.0%
Palm Bay, FL$325,000$1,500$102,142$-5070.81-6.0%
Chicago, IL$320,000$1,800$102,170$-4750.86-5.6%
Irving, TX$325,000$1,500$103,474$-7290.72-8.4%
Bridgeport, CT$325,000$1,500$103,798$-7830.70-9.1%
Bakersfield, CA$340,000$1,400$106,390$-6050.75-6.8%
Minneapolis, MN$340,000$1,500$107,122$-6370.75-7.1%
Fresno, CA$350,000$1,500$109,496$-5660.78-6.2%
Visalia, CA$350,000$1,500$109,496$-5660.78-6.2%
Virginia Beach, VA$350,000$1,600$109,670$-5050.82-5.5%
Chesapeake, VA$350,000$1,600$109,670$-5050.82-5.5%
Concord, NC$350,000$1,500$109,688$-5980.77-6.5%
Tampa, FL$350,000$1,700$109,934$-4590.85-5.0%
Clearwater, FL$350,000$1,700$109,934$-4590.85-5.0%
Atlanta, GA$350,000$1,600$109,964$-5540.80-6.0%
Dallas, TX$350,000$1,600$111,368$-7880.72-8.5%
Denton, TX$350,000$1,500$111,368$-8780.67-9.5%
North Las Vegas, NV$375,000$1,600$117,006$-5610.80-5.8%
Glendale, AZ$375,000$1,500$117,120$-6700.74-6.9%
Murfreesboro, TN$375,000$1,500$117,216$-6860.74-7.0%
Charlotte, NC$375,000$1,600$117,456$-6360.77-6.5%
Durham, NC$375,000$1,500$117,456$-7260.72-7.4%
Wilmington, NC$375,000$1,500$117,456$-7260.72-7.4%
Billings, MT$375,000$1,300$117,456$-9060.63-9.3%
Spokane, WA$375,000$1,400$117,606$-8410.67-8.6%
Orlando, FL$375,000$1,700$117,720$-5900.80-6.0%
St. Petersburg, FL$375,000$1,700$117,720$-5900.80-6.0%
Port St. Lucie, FL$375,000$1,700$117,720$-5900.80-6.0%
Cape Coral, FL$375,000$1,700$117,720$-5900.80-6.0%
Anchorage, AK$375,000$1,500$118,038$-8230.69-8.4%
Overland Park, KS$375,000$1,400$118,506$-9910.62-10.0%
Olathe, KS$375,000$1,400$118,506$-9910.62-10.0%
Madison, WI$375,000$1,500$119,106$-1,0010.64-10.1%
Providence, RI$375,000$1,600$119,106$-9110.68-9.2%
Las Vegas, NV$400,000$1,600$124,750$-6850.75-6.6%
Enterprise, NV$400,000$1,600$124,750$-6850.75-6.6%
Phoenix, AZ$400,000$1,600$124,870$-7050.75-6.8%
Mesa, AZ$400,000$1,500$124,870$-7950.70-7.6%
Surprise, AZ$400,000$1,600$124,870$-7050.75-6.8%
San Bernardino, CA$400,000$1,600$125,008$-7280.74-7.0%
Modesto, CA$400,000$1,600$125,008$-7280.74-7.0%
Asheville, NC$400,000$1,600$125,230$-7650.73-7.3%
Salem, OR$400,000$1,500$125,506$-9010.67-8.6%
Hollywood, FL$400,000$2,000$125,506$-4510.89-4.3%
West Palm Beach, FL$400,000$2,000$125,506$-4510.89-4.3%
Worcester, MA$400,000$1,800$125,590$-6450.79-6.2%
Manchester, NH$400,000$1,600$127,450$-1,1350.62-10.7%
Newark, NJ$400,000$1,600$128,368$-1,2880.59-12.0%
Paterson, NJ$400,000$1,600$128,368$-1,2880.59-12.0%
Stockton, CA$420,000$1,600$131,214$-8290.71-7.6%
Henderson, NV$425,000$1,700$132,488$-7180.76-6.5%
West Valley City, UT$425,000$1,500$132,554$-9090.66-8.2%
Peoria, AZ$425,000$1,600$132,614$-8290.71-7.5%
Tempe, AZ$425,000$1,600$132,614$-8290.71-7.5%
Raleigh, NC$425,000$1,700$132,998$-8030.73-7.3%
Hialeah, FL$425,000$1,800$133,298$-7630.76-6.9%
Eugene, OR$425,000$1,500$133,298$-1,0330.63-9.3%
Pembroke Pines, FL$425,000$2,000$133,298$-5830.84-5.3%
Colorado Springs, CO$430,000$1,600$133,840$-8000.71-7.2%
Round Rock, TX$425,000$1,700$135,038$-1,1430.64-10.2%
Aurora, CO$450,000$1,800$140,028$-7180.77-6.2%
West Jordan, UT$450,000$1,500$140,298$-1,0330.63-8.8%
Boise, ID$450,000$1,600$140,430$-9650.67-8.3%
Nashville, TN$450,000$1,800$140,478$-7930.75-6.8%
Ann Arbor, MI$450,000$1,700$142,026$-1,1410.64-9.6%
Plano, TX$450,000$1,800$142,926$-1,2010.64-10.1%
McKinney, TX$450,000$1,800$142,926$-1,2010.64-10.1%
Burlington, VT$450,000$1,800$143,040$-1,2200.63-10.2%
Charleston, SC$475,000$1,800$147,898$-8630.72-7.0%
Provo, UT$475,000$1,500$148,042$-1,1570.60-9.4%
Chandler, AZ$475,000$1,700$148,114$-9890.67-8.0%
Meridian, ID$475,000$1,600$148,180$-1,0900.63-8.8%
Moreno Valley, CA$475,000$1,900$148,276$-8360.75-6.8%
Missoula, MT$475,000$1,400$148,540$-1,3300.54-10.7%
Tacoma, WA$475,000$1,700$148,726$-1,0910.65-8.8%
Fort Lauderdale, FL$475,000$2,200$148,870$-6650.83-5.4%
Portland, ME$475,000$1,900$150,796$-1,2560.64-10.0%
Lakewood, CO$500,000$1,800$155,486$-9610.70-7.4%
Reno, NV$500,000$1,700$155,708$-1,0880.65-8.4%
Gilbert, AZ$500,000$1,800$155,858$-1,0230.68-7.9%
Sacramento, CA$500,000$1,800$156,032$-1,0520.67-8.1%
Fontana, CA$500,000$2,000$156,032$-8720.75-6.7%
Cary, NC$500,000$1,800$156,308$-1,0980.66-8.4%
Yonkers, NY$500,000$2,000$158,558$-1,2930.65-9.8%
Austin, TX$500,000$1,800$158,708$-1,4980.58-11.3%
Naperville, IL$500,000$2,000$159,134$-1,3890.63-10.5%
Fort Collins, CO$525,000$1,700$163,212$-1,1720.63-8.6%
Salt Lake City, UT$525,000$1,700$163,530$-1,2250.62-9.0%
Santa Fe, NM$525,000$1,600$163,974$-1,3890.57-10.2%
Portland, OR$525,000$1,800$164,448$-1,2880.62-9.4%
Riverside, CA$550,000$2,000$171,550$-1,1250.68-7.9%
Frisco, TX$550,000$2,200$174,490$-1,4350.64-9.9%
Elk Grove, CA$575,000$2,200$179,306$-1,0710.72-7.2%
Ontario, CA$575,000$2,000$179,306$-1,2510.66-8.4%
Pomona, CA$575,000$2,000$179,306$-1,2510.66-8.4%
Roseville, CA$575,000$2,200$179,306$-1,0710.72-7.2%
Denver, CO$600,000$2,000$186,402$-1,2670.65-8.2%
Miami, FL$600,000$2,400$187,812$-1,1420.73-7.3%
Jersey City, NJ$600,000$2,600$192,102$-1,6770.65-10.5%
Alexandria, VA$625,000$2,200$195,130$-1,3750.66-8.5%
Oxnard, CA$650,000$2,200$202,574$-1,4490.64-8.6%
Rancho Cucamonga, CA$650,000$2,200$202,574$-1,4490.64-8.6%
Salinas, CA$650,000$2,200$202,574$-1,4490.64-8.6%
Corona, CA$650,000$2,200$202,574$-1,4490.64-8.6%
Washington, DC$650,000$2,400$202,964$-1,3340.69-7.9%
Scottsdale, AZ$700,000$2,200$217,840$-1,6600.60-9.1%
Escondido, CA$700,000$2,200$218,086$-1,7010.60-9.4%
Chula Vista, CA$725,000$2,400$225,842$-1,6470.63-8.8%
Honolulu, HI$750,000$2,400$232,176$-1,5360.65-7.9%
Long Beach, CA$750,000$2,200$233,604$-1,9540.56-10.0%
Santa Ana, CA$750,000$2,200$233,604$-1,9540.56-10.0%
Santa Clarita, CA$750,000$2,400$233,604$-1,7740.61-9.1%
Oceanside, CA$750,000$2,400$233,604$-1,7740.61-9.1%
New York, NY$750,000$3,200$234,162$-1,1470.79-5.9%
Boston, MA$750,000$3,000$234,690$-1,4150.73-7.2%
Oakland, CA$800,000$2,600$249,116$-1,8460.62-8.9%
Garden Grove, CA$800,000$2,400$249,116$-2,0260.57-9.8%
Seattle, WA$800,000$2,400$249,872$-2,1520.56-10.3%
Anaheim, CA$825,000$2,400$256,872$-2,1520.56-10.1%
Boulder, CO$850,000$2,200$263,692$-2,3020.51-10.5%
Hayward, CA$850,000$2,600$264,628$-2,0980.59-9.5%
San Diego, CA$900,000$2,600$280,140$-2,3500.55-10.1%
Los Angeles, CA$950,000$2,800$295,658$-2,4230.57-9.8%
Torrance, CA$950,000$2,600$295,658$-2,6030.53-10.6%
Costa Mesa, CA$950,000$2,600$295,658$-2,6030.53-10.6%
Glendale, CA$1,000,000$2,600$311,170$-2,8550.50-11.0%
Huntington Beach, CA$1,050,000$2,800$326,682$-2,9270.51-10.8%
Irvine, CA$1,200,000$3,000$373,224$-3,5040.48-11.3%
Bellevue, WA$1,200,000$2,800$374,364$-3,8740.44-12.4%
San Jose, CA$1,300,000$3,200$404,248$-3,8280.48-11.4%
Fremont, CA$1,300,000$3,000$404,248$-4,0080.45-11.9%
San Francisco, CA$1,400,000$3,500$435,278$-4,0630.49-11.2%
Sunnyvale, CA$1,800,000$3,200$559,386$-6,3510.35-13.6%

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