Vacancy Rate Calculator
Calculate the true cost of vacancy including turnover expenses and lost rental income.
Property Details
Turnover Details
Cleaning, repairs, paint
Annual Vacancy Loss
$2,400
8.0% vacancy rate
Income Impact
Gross Potential Income$30,000/yr
Vacancy Loss (8%)-$2,400
Effective Gross Income$27,600/yr
Turnover Cost Analysis
Lost Rent (30 days)$2,500
Turnovers per Year0.67
Annual Turnover Cost$3,133
Total Vacancy Impact
$5,533
Annual cost (vacancy + turnover)
Economic Vacancy Rate11.0%
Includes bad debt and concessions
Vacancy Rate Scenarios
| Rate | Annual Loss | Effective Income |
|---|---|---|
| 3% | $900 | $29,100 |
| 5% | $1,500 | $28,500 |
| 8% | $2,400 | $27,600 |
| 10% | $3,000 | $27,000 |
| 15% | $4,500 | $25,500 |
| 20% | $6,000 | $24,000 |
Tenancy Length Impact
| Tenancy | Turnovers/yr | Annual Cost |
|---|---|---|
| 6 months | 2.00 | $9,400 |
| 12 months | 1.00 | $4,700 |
| 18 months | 0.67 | $3,133 |
| 24 months | 0.50 | $2,350 |
| 36 months | 0.33 | $1,567 |
Longer tenancies significantly reduce vacancy costs.
Break-Even Analysis
Rent needed to offset 8% vacancy$2,717/mo
Charging this rent would result in the same effective income as $2500/mo with no vacancy.