Free landlord tool
Enter what your rental costs you to own: mortgage payment, property tax, landlord insurance, condo or HOA fees, utilities you pay, repairs and other costs. The calculator works out the rent you need to break even and to reach your profit goal, then checks it against similar long-term rentals in your city.
Break-even rent = monthly costs ÷ (1 − vacancy allowance) ÷ (1 − management fee). Yearly bills such as property tax and insurance are divided by 12.
Suggested rent = your costs plus your monthly profit goal, compared with current listings for similar homes nearby. If the local market supports more than you need, the typical local rent is suggested; if your costs are above the local range, the calculator says so.
It works for landlords in every Canadian province and territory and every U.S. state, and shows the local rent increase rules for your area. Read the Canadian landlord guides or the U.S. landlord guides.
A planning estimate, not an appraisal or financial advice. Start free to save your plan and track rent in RentMouse.