💰 Section 8 Income Breakdown
Payment Standard (rent ceiling)
FMR × Payment Standard %
$1,400
HAP — PHA Pays You
Largest component of Section 8 income
$1,120
Tenant Portion — Tenant Pays
30% of income (tenant's share)
$280
📊 Operating Results
Monthly Operating Expenses
$1,200
Net Operating Income (NOI)
Gross Rent − Operating Expenses
$200
Monthly Cash Flow
NOI − Mortgage P&I
$200
📈 Key Metrics
💡 BRRRR Tip: Use the HAP Calculator to stress-test deals at 90% of FMR (worst case). If cash flow still works at 90%, the deal is solid even if PHA sets payment standard at minimum.
Estimates only. Actual HAP set by your local PHA. Verify all inputs before making investment decisions.
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