Calgary rental property cash flow (embed)

Calgary rental property calculator

Cash flow after the mortgage, cap rate, cash-on-cash, DSCR and break-even rent, with 2026 Calgary property tax.

Start from:

Home type

Community (2026 assessed median)

Median detached: $718,500 · our calculation from City of Calgary open data

Purchase price

Down payment

20.0% down. A rental you won't live in needs at least 20%.

Interest rate

Example: Bank of Canada average on new uninsured 5-year fixed mortgages, 4.58% (2026-08). Lowest Alberta uninsured 5-year fixed we collected: 4.59% (ATB Financial, collected Nov 1, 2026). Rental rates are often higher; use your quote.

Amortization (years)

Monthly rent (all units)

Example: Statistics Canada's Q2 2026 average asking rent for a 3+ bedroom house. A house with a legal suite earns both rents (try the preset). Check comparable listings for your street.

Vacancy and bad debt

CMHC's Calgary purpose-built vacancy was 5% in Oct 2025 (condos 2.2%).

I'll live in one unit (owner-occupied)

Allows an insured mortgage with less than 20% down; see the house-hack calculator.

Operating costs

Assessed value for tax

0 = use the price. Tax = assessment × 0.66499% (Calgary 2026).

Landlord insurance (monthly)

Example only; get a rental-policy quote.

Condo fee (monthly)

Utilities you pay (monthly)

0 if tenants pay their own.

Other income (monthly)

Parking, storage, laundry.

Repairs (% of rent)

Capital reserve (% of rent)

Roof, furnace, appliances, flooring.

Property management (% of rent collected)

0 if you self-manage.

Lawyer, inspection and other closing (besides Land Titles)

Monthly cash flow after the mortgage-$1,681NOI $1,526 − mortgage $3,207.

Cap rate: 2.55%; NOI ÷ price
Cash-on-cash: -13.7%; on $147,445 invested
DSCR: 0.48; NOI ÷ mortgage
Break-even rent: $4,447; cash flow = $0

Monthly income and costs
Rent + other income	$2,470
Vacancy (5.0%)	−$124
Property tax	−$398
Landlord insurance	−$175
Repairs	−$124
Capital reserve	−$124
Net operating income	$1,526
Mortgage payment	−$3,207
Cash flow	-$1,681

Estimate, not advice. Educational estimate only, not financial, mortgage, tax or legal advice. Lenders, insurers and governments set their own rules and can change them; confirm with a licensed professional before you decide.

Cash flow -$1,681 a month; cap rate 2.55%; DSCR 0.48.

What is driving this result

It runs $1,681 short each month: rent would need to be about $4,447 to break even, $1,977 more than you entered.
The mortgage takes 137% of collected rent; property tax and insurance another 24%.
Debt service coverage of 0.48 means the property's income doesn't cover its mortgage; lenders that underwrite on rent will want it higher, and a larger down payment raises it.
About $1,056 a month of the mortgage repays principal, so the owner's equity grows even when cash flow is thin.

Assumptions & sources

Assumptions

Property tax at Calgary's 2026 residential rate. Source: City of Calgary, How your property tax bill is calculated (2026 residential tax rate, Bylaw 9M2026), effective January 1, 2026. Checked November 1, 2026.
Example rents: houses, Statistics Canada Table 46-10-0092-01 (average asking rent, Calgary CMA, Q2 2026; adapted from Statistics Canada, not an endorsement); townhouses, apartments, suites and vacancy, CMHC Rental Market Survey, Calgary CMA, October 2025 (adapted from CMHC; not an endorsement by CMHC). Source: Statistics Canada, Table 46-10-0092-01, Quarterly Rent Statistics (experimental): average asking rent, Calgary CMA, houses, Q2 2026. Adapted from Statistics Canada; not an endorsement, effective April 1, 2026. Checked November 1, 2026. Source: CMHC, Rental Market Report data tables, Calgary CMA, October 2025 survey, effective December 11, 2025. Checked November 1, 2026.
Investor loans need 20% down (maximum 80% loan-to-value); owner-occupied homes can be insured. Source: CMHC, Homeowner and small rental loan insurance (2–4 units; non-owner-occupied max 80% LTV). Checked November 1, 2026.
Semi-annual compounding; Land Titles fees on the price and the mortgage. Source: Government of Alberta, Land Titles and Surveys common documents fee schedule, effective October 1, 2026. Checked November 1, 2026.
Example rate. Source: Bank of Canada, Effective rate on new uninsured fixed mortgages, 5 years and over (series V122667786), effective August 1, 2026. Checked November 1, 2026.
Insurance, repairs, capital reserve, management and condo fees are examples, not sourced averages.

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