Already own a home? Decide whether to sell now or convert it to a rental. Compares net proceeds invested vs. holding the property and renting it out.
Realtor fees, transfer tax, etc.
Splits your payment into interest vs principal.
Track equity and the size of a borrowable line.
Cap rate, cash-on-cash, and total return on a rental.
Debt service coverage ratio for investment loans.
Long-run wealth comparison of renting vs owning.