Rental Property Calculator
See what a rental property leaves in your pocket each month. Enter the rent, an allowance for empty months, the running costs and the mortgage payment.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
Expected rent is the monthly rent less the vacancy allowance, a percent of rent for the months the unit sits empty. Cash flow is that amount less running costs and the mortgage payment. The yearly figure is the monthly figure times twelve.
Running costs can include property tax, insurance, repairs and any management fee. Enter the mortgage payment from a loan calculator. Income tax on rental income is not included, and neither are one-time costs such as a new roof.
Worked example
A rental bringing in $2,000.00 a month, with 5% set aside for empty months, $800.00 of running costs and a mortgage of $1,200.00, leaves -$100.00 a month, or -$1,200.00 a year.
Questions
What belongs in running costs?
Property tax, insurance, repairs, any utilities you pay, and any manager's fee. Add up a full year and divide by twelve to get the monthly figure.
What does a negative number mean?
The rent does not cover the costs and the mortgage that month. Work out how long that could last before you decide anything.
Does this show the return on my money?
No. It shows monthly cash only. A cap rate or return calculator compares the price with the income.
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