Rental Income Calculator & Formula

The Rental Income Calculator helps landlords and property owners calculate their monthly income and expenses for one or multiple rental units. This tool is ideal for assessing profitability and making informed decisions about rental properties.

Why Use This Calculator?

This calculator is useful for:

• Landlords: Calculate net income from rental properties.
• Property Investors: Evaluate the profitability of multiple rental units.
• Budgeting: Understand how expenses impact overall rental income.

Real-Life Example

Consider the following scenario:

• Monthly Rent: $1,200 per unit
• Number of Units: 3
• Additional Monthly Income: $200
• Monthly Expenses: $600

Step 1: Calculate the total monthly income:

$\mathrm{Total Monthly Income}=(1200\times 3)+200=\mathrm{3,800}$

Step 2: Subtract the monthly expenses:

$\mathrm{Net Monthly Income}=3800–600=\mathrm{3,200}$

Result: The net monthly income from these rental units is $3,200.

Benchmark Indicators

Here are common benchmarks for rental income: