Rent My Home Calculator

The price you charge for your listing is completely up to you.

Rent my home calculator. The years to hold whichever number of years you choose is considered the year that the property would be sold. How much can i rent my house for. Input values in the calculator on the left to get a quick read on the financial viability of renting or selling your house. How accurate is the rental estimate.

Typically the rents that landlords charge fall between 0 8 and 1 1 of the home s value. For example for a home valued at 250 000 a landlord could charge between 2 000 and 2 750 each month. To determine how much rent to charge a tenant many landlords use the 1 rule which suggests charging 1 of the home s value for rent. To determine your rent price consider local rent control laws the rental rates of homes in your area rental comps the features of your home and changes in your local market.

Using up to date rental data from walk score we look at properties similar to yours that are currently listed for rent or that have recently been taken off the market the rental estimate is just a starting point your property s unique condition upgrades and. Rent vs sell calculator should i sell my house. The amount of rent you charge your tenants should be a percentage of your home s market value. As you can see the interest rate impacts your rental cash flow a lot.

For example a home valued at 220 000 would rent for 2 200 per month. We included a rental property mortgage calculator in the broader rental cash flow calculator above to make it easier to run the numbers if you leverage other people s money to build your rental portfolio. To help you decide you can search for comparable listings in your city or neighborhood to get an idea of market prices. To get a quick starting point try our free rent zestimate tool.

To learn more about pricing your rental check out this article. Free rental property calculator estimates irr capitalization rate cash flow and other financial indicators of a rental or investment property considering tax insurance fees vacancy and appreciation among other factors. Determine the best ways to collect rent from your tenants. You can either incorporate a cleaning fee into your nightly price or you can add a cleaning fee in your pricing settings.

The rental property mortgage calculator. Whether you re interested in getting an idea of how much your home is worth to rent just out of curiosity or in order to become a landlord here s how. Rent vs sell calculator should i sell my house. The rental estimate is a calculation of the fair market rental value of an individual home.