Major one-time expenses that improve or extend the useful life of a property.
Capital expenditures, or CapEx, are large one-time costs that maintain or improve a property's value and useful life — things like roof replacements, HVAC systems, kitchen renovations, parking lot resurfacing, and major plumbing work. Unlike routine repairs, CapEx items are typically depreciated over multiple years for tax purposes and are treated separately from operating expenses.
Your rental property needs a new roof ($12,000), water heater ($1,500), and exterior paint ($3,500) this year. Total CapEx = $17,000. These are not deducted as operating expenses but are added to the property's cost basis and depreciated over their useful lives.
Richify automatically calculates capital expenditures (capex) and other key real estate metrics for every property in your portfolio. Instead of plugging numbers into spreadsheets, you get instant analysis with built-in AI-powered insights to help you spot trends and opportunities across your holdings.
The percentage of gross rental income consumed by operating expenses.
The net cash a rental property generates after all expenses including mortgage payments.
A tax deduction that lets real estate investors write off the wear and tear of an income-producing property over time.
The estimated market value of a property after planned renovations and repairs are completed.
Stop calculating real estate metrics by hand. Richify computes capital expenditures (capex) and 10+ other key metrics for every property in your portfolio.
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