Rent VS. Sell Calculator
Should You Rent Out or Sell Your Property?
Instructions
Use the calculator on the left to compare the financial benefits of renting versus selling your home. Simply enter your property and financial information to receive an estimate of your potential returns under each scenario.
Note: The "Years to Hold" field lets you estimate how long you plan to keep the property before selling. This is an important input because it determines the projected sale year and automatically factors in the associated selling costs for that year. These "Other Costs" may include real estate commissions, capital gains taxes, depreciation recapture, and other closing expenses. As a result, you may notice a significant increase in expenses during the projected year of sale.
1. Complete the input boxes as described. Once all required inputs are complete, the Rent vs Sell calculator will automatically calculate your answer.
2. Use the links when available to find the data requested if you don't already have that information.
3. Select the ? Icon next to the input label to learn more about the requested data.
4. Refresh the model to return all advanced inputs to default amounts.
Results
If you RENT your property, you'll have $21,355 more wealth in 5 years verses selling your property today.
| Year | Rental Income | Mortgage Expense | Other Costs | Net Cash Flow | House Value | House Equity | Wealth (Rent Out) | Wealth (Sell Now) |
Difference in Wealth (Rent Out to Sell Now) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | - | - | - | - | - | - | - | - | - |