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Section 8 Investment Analyzer
Does this property pencil out better on a voucher than at market rent? Compare both scenarios side by side — with near-zero vacancy, first lease-up lag, and HQS costs factored in.
Deal inputs
Use the ZIP lookup to find the payment standard, then subtract the tenant’s utility allowance for the contract rent.
Voucher vs market — steady-state cash flow+$4,288/yr
The voucher pays at or above market with far lower vacancy — strongly favorable. Pursue it.
Market rent
Monthly cash flow
-$289
- Gross rent (yr)
- $21,600
- Vacancy loss
- -$1,296
- Operating exp.
- -$7,800
- NOI
- $12,504
- Debt service
- -$15,967
- Cash flow (yr)
- -$3,463
- Cap rate
- 5.0%
- Cash-on-cash
- -6.2%
Cash invested: $56,000
Section 8 voucher
Monthly cash flow
$69
- Gross rent (yr)
- $24,840
- Vacancy loss
- -$248
- Operating exp.
- -$7,800
- NOI
- $16,792
- Debt service
- -$15,967
- Cash flow (yr)
- $824
- Cap rate
- 6.7%
- Cash-on-cash
- 1.5%
- One-time (yr 1)
- -$2,720
- Year-1 cash flow
- -$1,896
Cash invested: $56,000
Voucher scenario assumes ~1% vacancy (vs 6% market), a one-time first lease-up lag, and an HQS inspection + repair reserve. Rent is locked for the lease term. Figures are decision-support estimates, not guarantees.