Estimate gross income, effective income, net operating income, and monthly cash flow for a rental property.
Estimate only, runs entirely in your browser. SealedFolio tracks real income and expenses per property automatically. See how.
Rental income is more than the rent check. To know what a property really earns, work down from gross to cash flow:
For return metrics on top of income, use the cap rate and cash-on-cash return calculators. For taxes, the Schedule E calculator.
Start with gross scheduled rent (monthly rent times 12, plus any other income like parking or laundry). Subtract a vacancy allowance to get effective gross income, then subtract operating expenses to get net operating income, and finally subtract the mortgage to get your pre-tax cash flow.
Gross rental income is all the rent and other income a property collects. Net rental income (or net operating income) is what remains after vacancy and operating expenses, before financing. Lenders and the IRS care about different versions, so this calculator shows each step.
Rent, advance rent, lease-cancellation payments, tenant-paid expenses, and the value of services received all count as rental income on Schedule E. This calculator estimates the cash picture; for the tax view use the Schedule E calculator.