Free Annual Rental Income Calculator

Quickly compute annual rental income from monthly rent for budgeting and tax preparation.

USD
months

Annual Rental Income

$30,800

Annual Vacancy Loss$2,800
Effective Monthly Average$2,566.67

Annual Rental Income vs Monthly Rent Collected

Annual Rental Income

Annual rental income is the total rent collected over a year, accounting for any months the unit was vacant.

Formula

Annual Income = Monthly Rent x Months Occupied

Tax Reporting

  • All rental income must be reported on Schedule E
  • Include rent received, not rent billed
  • Short-term vacancies reduce your taxable rental income
  • Example Calculation

    A property rents for $2,800/month and was occupied for 11 out of 12 months.

    1. 01Annual income: $2,800 x 11 = $30,800
    2. 02Vacancy loss: $2,800 x 1 = $2,800
    3. 03Effective monthly average: $30,800 / 12 = $2,566.67

    Frequently Asked Questions

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