Vacancy Loss Calculator
What Does an Empty Rental Cost You?
Every day a rental sits empty is rent you never get back. On top of that, you pick up the utilities, the yard and the cost of getting the home ready for the next tenant. This calculator adds it up so you can see what one vacancy really costs. Type in your numbers and press Calculate.
How to Read Your Results
Rent lost. Your monthly rent spread across the year, multiplied by the number of days the home is empty.
Extra costs. What you pay because the home is empty: utilities and upkeep for those days, plus cleaning, repairs and advertising to rent it again.
Total cost of the vacancy. Rent lost plus extra costs. Your mortgage, property taxes and insurance are left out, because you pay those whether or not the home is rented.
How to lower it. The two biggest levers are how fast the home is made ready and how fast a qualified tenant is found. Pricing the home at market rent from day one usually costs less than holding out for a higher number while it sits empty.
Want to see what the rental earns once it is full? Try the ROI calculator. Thinking about nightly stays instead of a lease? Try the long-term vs. short-term calculator.
Get a Free Rental Analysis
Not sure what rent to enter? Request a free rental analysis and we will tell you what your home could rent for.