Free Rental Income Calculator
Project total rental income for a property with multiple units, factoring in different rent levels and vacancy.
USD
%
USD
Effective Annual Income
$55,200
Gross Potential Income$60,000
Annual Vacancy Loss$4,800
Effective Annual Income vs Average Monthly Rent Per Unit
Projecting Rental Income
Rental income projection starts with gross potential income and adjusts for expected vacancy and collection losses.
Formula
Gross Potential Income = (Units x Avg Rent x 12) + Other Income
Effective Income = Gross Potential x (1 - Vacancy Rate)
Other Income Sources
Example Calculation
A 4-unit property averages $1,200/month rent per unit with $200/month other income and 8% vacancy.
- 01Gross monthly rent: 4 x $1,200 = $4,800
- 02Gross annual rent: $4,800 x 12 = $57,600
- 03Other annual income: $200 x 12 = $2,400
- 04Gross potential income: $57,600 + $2,400 = $60,000
- 05Vacancy loss: $60,000 x 8% = $4,800
- 06Effective annual income: $60,000 - $4,800 = $55,200