A higher asking rent can cost more than it earns.
Every vacant day forgoes rent. Before raising the price, compare what waiting costs with what the extra rent brings in.
- Rent per day
- $75.62
- Gross rent forgone while vacant
- $2,268
- Occupied months for the extra rent to make it back
- 22.7
Illustration only. These are gross rent figures before expenses, not a forecast of your property's results.
How to read it
At an example rent of $2,300 a month, 30 days without rent is about $2,268 in forgone gross rent, using rent × 12 ÷ 365 per day. Asking $100 more adds $1,200 over a fully occupied year, so that example vacancy takes about 23 occupied months to make back.
The right price depends on demand and the property. Compare credible rental data, showing activity and condition before changing it. A listing still showing as available doesn't prove the home is vacant, and these figures are gross rent, not profit.
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