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Rent Calculator

calculator free

Calculate net rental income, effective gross income, annual yield, and expense ratio for any rental property. Enter monthly rent, vacancy rate, taxes, insurance, maintenance, HOA, and management fees.

Rental Income Calculator

Net Rental Income = Effective Gross Income − Total Expenses

Monthly Rent ($)

Vacancy Rate (%)

Property Taxes / Month ($)

Insurance / Month ($)

Maintenance / Month ($)

HOA / Month ($)

Management Fees / Month ($)

Property Value ($)

How to Use This Rent Calculator

Enter your monthly rent, expected vacancy rate, and all recurring expenses to see your true rental income. The calculator accounts for vacancy loss, property taxes, insurance, maintenance reserves, HOA fees, and property management costs to show your real net operating income.

Key Metrics Explained

Effective Gross Income (EGI) — Gross rent minus vacancy losses. This is what you actually collect.
Net Rental Income — EGI minus all operating expenses. Your true cash flow before debt service.
Annual Yield — Net annual income divided by property value. Compare this to other investments.
Expense Ratio — Total expenses as a percentage of gross rent. Under 50% is generally healthy for rentals.

Frequently Asked Questions

What vacancy rate should I use?

Most investors use 5-8% for residential properties in stable markets. Use 10%+ for properties in areas with higher turnover. Check your local market data for the most accurate estimate.

How much should I budget for maintenance?

The common rule is 1% of the property value per year, divided by 12 for a monthly amount. For older properties, budget 1.5-2%. A $300,000 home would need roughly $250-500/month in reserves.

What is a good annual yield for a rental property?

An annual yield above 6% is generally considered good for a rental property. Yields of 8%+ are excellent but harder to find in competitive markets. Compare your yield to local cap rates and alternative investments.

Should I include mortgage payments in this calculator?

This calculator focuses on Net Operating Income (NOI), which excludes debt service. To see cash flow after mortgage payments, use our Cash Flow Calculator instead.