Do you currently own a property you’re looking to rent? Maybe you’re moving to a new property and are interested in renting the original one? Although this may seem easy, there are other factors you need to keep in mind when renting your property to someone else. Use this calculator to get an idea of what you need to budget for yourself while getting an estimate of what you could earn on a property you’re looking to rent.
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Property Number
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Property Address
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Insert what you believe to be the monthly market rent
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Estimated Monthly Market Rent ($): *
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Gross Annual Market Rent:
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Agents Commission (%) *
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Reputable agents charge between 10% - 15% for their services depending on how many of them you want
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Plus TAX at 20% (Yearly)
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Total Costs For Agents Fees (Yearly):
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Annual Income Less Commission (Yearly):
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Setup Fees ($): *
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Setup fees vary hugely from $250 - $750 this is paid each time a new tenant moves in you could potentially experience two tenants per year
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Plus TAX at 20% (Yearly):
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Total Costs Of Setup Fees (Yearly):
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Annual Income - Setup Fees - Commission (Yearly)
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Annual vacant periods in number of weeks: *
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What you actually get and what you could have had
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What you will get in your bank from estate agent ($):
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What you would get from me ($):
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Saving Per Month (Monthly)
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Saving Per Year (Yearly)
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Please remember it can take up to 4 weeks to move one tenant out and another one in - You should have a minimum of 4 weeks
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Total possible loss of rent from vacant periods (Yearly)
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The true cost of letting
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Gross annual market rent (Yearly)
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Deduct total agents fees, incl. TAX (Yearly)
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Deduct total setup fees, incl. TAX (Yearly)
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Deduct loss of income from vacant period (Yearly)
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Estimated annual rent after deductions (Yearly)
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Estimated monthly rent after deductions (Monthly)
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