Will the rent carry the property — after every real cost?
Start from the official record and a sourced rent benchmark, put insurance, taxes after reassessment, HOA dues and financing on the table, and see the result under stress before you see a return.
Your workflow on Open Property Deals
- 01
Find candidates
Status: AvailableStatus: Available
Search public parcel records and rental or sale listing snapshots in your counties; or state a rental buy box and let Deal Hunter rank stored sale listings against your cash-on-cash, cap-rate and DSCR targets.
- 02
Underwrite
Status: Available
NOI, cap rate, cash flow, cash-on-cash, DSCR and break-even occupancy, with a HUD Fair Market Rent benchmark as the starting rent (an estimate) and every expense in view.
- 03
Stress-test
Status: Available
Rent −10%, insurance +50%, a rate increase, vacancy, tax reassessment.
- 04
Price it
Status: Available
The maximum price that still meets your targets.
- 05
Plan your capital
Status: Live Prototype
Compare buying one property outright with several financed ones.
- 06
Track and save
Status: AvailableStatus: Available
Keep each candidate in your pipeline and save the searches you return to. In-app alerts are in development.
A base case, stress-tested
Buy-to-rent, base case
Illustrative Assumptions$300,000 price, $3,000/mo rent, 5% vacancy, property tax $6,000/yr, insurance $4,200/yr, maintenance 5% of rent, management 8%, 25% down at 6.75% for 30 years, closing costs 2.5%. Illustrative example — not a real property.
- Net operating income
- $19,464
- Estimate
- Cap rate
- 6.49%
- Estimate
- Cash flow
- $1,952/yr
- Estimate
- DSCR
- 1.11
- Estimate
| Stress test | Cash flow | Cash flow ≥ $0 |
|---|---|---|
| Rent −10% | −$1,015/yr | Fail |
| Insurance +50% | −$148/yr | Fail |
| Interest rate +1 point | $121/yr | Pass |
Florida specifics we model
Wind and flood insurance, condominium milestone inspections and reserves, HOA and condo dues, and assessment caps that reset on sale. Read the buy-to-rent playbook
What we are building
In-app saved-search alertsStatus: In development
This capability is in development and not yet available. What it does, and whether and when it is released, may change.
Email alert digestsStatus: In development
This capability is in development and not yet available. What it does, and whether and when it is released, may change.
Continuous opportunity monitoringStatus: Planned
This capability is planned. It is a statement of intent, not a commitment; scope, timing and availability may change, and it may not be released.
Portfolio analyticsStatus: Planned
This capability is planned. It is a statement of intent, not a commitment; scope, timing and availability may change, and it may not be released.
Investor profiles on the networkStatus: Planned
This capability is planned. It is a statement of intent, not a commitment; scope, timing and availability may change, and it may not be released.
Important
Open Property Deals is an information and analysis tool. It is not a broker, lender, investment adviser or listing service, and nothing on this site is an offer to buy or sell real estate or securities, or investment, legal or tax advice. Property records come from public sources and may be incomplete or out of date. Estimates and projections depend on assumptions that may prove wrong; real estate investing involves risk, including loss of capital. Verify every figure independently and consult licensed professionals before making a decision.
Know your numbers before you make an offer.
Create a free account, choose the counties you invest in and see what a plan covers. No subscription or charge starts when you sign up.
Already a member? Sign In