Calculate your rental property vacancy rate, occupancy rate, and annual income loss from vacancy.
91.8% occupancy rate
| Vacancy Rate | 8.2% |
| Occupancy Rate | 91.8% |
| Annual Gross (100% occupied) | $24,000 |
| Annual Vacancy Loss | -$2,000 |
| Effective Gross Income | $22,027 |
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Vacancy Rate = (Days Vacant / 365) × 100
Or: (Vacant Units / Total Units) × 100
Effective Gross = Annual Gross × (1 − Vacancy Rate)
A vacancy rate of 5–8% is typically used for underwriting. Rates below 5% indicate a very tight market. Above 10% suggests oversupply or management issues.
Vacancy Rate = (Vacant Units / Total Units) × 100. For a single property over time: (Days Vacant / 365) × 100.
U.S. national residential vacancy rate typically runs 5–7%. Rates vary significantly by metro area — some Sun Belt cities are 3–4%, others 8–12%.
Higher vacancy reduces effective gross income, which reduces NOI and therefore lowers cap rate. A 10% vacancy on a $2,000/month property costs $2,400/year.
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.