Find the minimum occupancy rate needed to cover all expenses using New Hampshire market data. It's (Operating Expenses + Debt Service) / Gross Potential Income. Pre-filled with New Hampshire rents, tax rates, and insurance.
Avg Cap Rate
5.2%
Median Price
$483K
Property Tax
1.35%
Vacancy Rate
4%
Local Factors
Break-Even Occupancy
33.8%
Must be occupied Can be vacant
What does this mean?
A break-even below 60% means this property can weather significant vacancy and still cover all costs. That's an extremely resilient deal with a wide margin of safety.
Break-even occupancy is the minimum percentage of a property that must be occupied for rental income to cover all operating expenses and debt service. It's a critical risk metric — the lower the break-even, the more resilient your investment.
Target benchmarks: Most lenders want to see break-even occupancy below 85%. Best-in-class stabilized properties often achieve 65-75%. Above 90% is a red flag in underwriting.
Keep running the numbers
Know your minimum in New Hampshire. Now see what happens above and below it.
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