Calculating your rental profit
Simply fill out the information below. Dont get hooked in by other complicated calculators out there, just keep it simple by noting these few figures down
Rental To Let Calculator
| Calculating your rental profit | ||
| Original Budget | Final Figure | |
| Annual Rental Income | £ | |
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Minus
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| Annual Maintenance fees | £ | |
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Minus
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| 4 months without tenant | £ | |
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Minus
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| Insurance | £ | |
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Minus
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| Agents Fees | £ | |
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Minus
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| Cost of own labour | £ | |
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Realistic gross profit =
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£ | £ |
You will also find it really useful if you are developing for the first time, to digest our section identify your market, developing your property before you go any further.
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Thanks for putting this together. In my experience, producing a REALISTIC analysis of a rental property before the purchase is the single most important thing you can do to minimize the chances of failure.
Don’t forget to include repairs in those maintenance fees.
Another resource is available at http://www.realestateprofitcalc.com.
@Jonathan wood
Thanks Jonathan
I agree that repairs need to be taken into account when calculating profit