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This calculator works by comparing the long-term financial outcomes of renting versus selling your property. Simply input your property details, estimated rental income, and sale price to receive a detailed analysis.
Input values in the calculator on the left to get a quick read on the financial viability of renting or selling your house.
Note: The "Years to Hold" (whichever number of years you choose) is considered the year that the property would be sold. This raises the "Other Costs" in that year to show the client how much they would be paying to sell (selling costs, pay back depreciation, capital gains, etc.). Thus, the "Other Costs" increase significantly if a person were to sell their property in the chosen year.
| Year | Rental Income |
Mortgage Expense |
Other Costs* |
Net Cash Flow |
House Value |
House Equity |
Wealth (Rent) |
Wealth (Sell Now) |
Difference in Wealth (Rent to Sell Now) |
|---|
*Other Costs Note: If property is professionally managed, add $149/month management fee plus 10% of rent for ongoing maintenance and repairs.
