What's a good cap rate for a Quebec rental?

For Montréal small multi-family, 4.5–6% is a typical buy range; suburbs and secondary cities (Sherbrooke, Trois-Rivières, Saguenay) trade closer to 6–8%. Higher cap rates usually signal higher risk or weaker neighbourhoods, not free money.

Does this account for Quebec welcome tax (droits de mutation)?

Welcome tax is included via the closing-costs field. For a precise figure, run our welcome tax calculator and paste the total here. The calculator doesn't include GST/QST since used residential homes aren't subject to them.

How accurate is a "% of rent" expense ratio?

It's a screening tool, not an underwriting model. Real expenses scale partly with the property (taxes, insurance) and partly with rent (vacancy, management). For early screening 30–40% works for Quebec plexes; for an offer, line-item the costs.

Should I use gross or net rent?

Use gross — what tenants actually pay you. The expense ratio handles vacancy, management, and operating costs. Don't pre-deduct, or you'll double-count.

What's NOI and why does it matter?

Net Operating Income = gross rent − operating expenses (excluding mortgage). It's the unlevered cashflow the property produces, which lets you compare deals across financing structures. Cap rate = NOI ÷ price.

Can I model a duplex, triplex, or quadplex?

Yes — sum the monthly rent across all units in the gross rent field. The calculator treats it as one property; for per-unit modelling, the full Foncier analyzer handles unit-by-unit rents and individual leases.

Where can I get DSCR, IRR, and 10-year projections?

Those live in the full Foncier app — free for your first three analyses, no credit card. Sign up and you also get scenario testing and side-by-side compare.

Rental property · Quebec

Does this duplex pencil out?

A focused rental property calculator: purchase price, financing, rent, and expenses in — cap rate, cashflow, and cash-on-cash out. The full Foncier app adds projections, scenarios, and DSCR.

Assumptions

Purchase price

Down payment

Mortgage rate

AmortizationClosing costs

Welcome tax, notary, inspection — total one-time amount.

Gross monthly rent

Operating expenses

Taxes, insurance, maintenance, vacancy — as % of gross rent.

Results

Monthly cashflow

$-347/mo

Cap rate

5.0%

Cash-on-cash

-3.3%

Mortgage payment$2,622/mo

Operating expenses$1,225/mo

NOI (annual)$27,300

Total cash invested$125,000

Foncier the whole deal

This number is one of seventy.

Cap rate is a start. The full Foncier analyzer adds DSCR, IRR, ten-year cashflow projections, scenarios, side-by-side compare, and live community rent comps — for free, on your first three deals.

Create a free account See plans

How this is calculated

NOI = annual gross rent × (1 - expense ratio). Cap rate = NOI ÷ purchase price. Cash-on-cash = annual cashflow ÷ (down payment + closing costs). The full app lets you enter taxes, insurance, utilities, and maintenance line by line, then projects them ten years out.

Worked examples

What the calculator returns on real Quebec deals.

Rosemont duplex · 20% down

+$284 / month

A $550,000 duplex in Rosemont with $3,500 in monthly rent across two units. With 20% down at 5.25% over 25 years, you clear $284 per month after a 35% expense ratio.

Price$550,000

Down$110,000

Rent$3,500/mo

Cap rate4.96%

Quebec City triplex · 25% down

+$612 / month

A $475,000 triplex in Limoilou with $4,200 in monthly rent. 25% down conventional financing at 5.50%, 30% expense ratio. Cash-on-cash sits near 6.4%.

Price$475,000

Down$118,750

Rent$4,200/mo

CoC~6.4%

Questions, answered

About the rental property calculator.

Yes, free with no signup. Foncier only asks you to create an account when you want to save analyses, run scenarios, see DSCR/IRR, get a 10-year projection, or import a Centris listing.

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