Section 8 Deal Analyzer
Market rent or voucher rent — which cash-flows better on your deal? Model both scenarios with voucher-specific vacancy, lease-up, and inspection assumptions.
Deal inputs
Use the Rent Analyzer to find the Fair Market Rent for your ZIP, then subtract the tenant’s utility allowance for the contract rent.
The voucher pays at or above market with far lower vacancy — strongly favorable. Pursue it.
Market rent
- 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
- 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.
Rent Analyzer
Look up the HUD Fair Market Rent for your ZIP to set the voucher rent input.
Pre-Inspection Checklist
Pass the HQS inspection the first time and keep the one-time costs down.
HOTMA Guide
The 2024 rule changes that affect voucher underwriting and inspections.
Deal pencils out? List it where voucher holders are searching.
VoucherMatch connects landlords with Section 8 and voucher tenants — free to list.
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