Rental Property Calculator

[Tamara Harper]

My husband and I would like to rent a property that we own and is completely paid for.  When we enter the numbers in the Rental Property Calculator, what number do we enter for the purchase price?  Do we enter zero?

Thank you!

[Jose Solis]

You can use the Rent Estimator, just enter your address with the property information and you should be able to see what properties are renting for in that area! 

[Nicholas Coulter]

@Tamara Harper I would run rental comps in the area get a price you think you can get. x by 12 to get annual income, multiply by .95 for occupancy and .95 again for cap ex if its in good condition and that should give you annual income. Let me know how I can help