Calculator Blue Jean Broker

Sell It, or Keep It as a Rental?

Moving but not sure whether to sell the old place or rent it out? See the honest tradeoff: the cash you'd walk away with today, next to what the rental gives you if you hold it and sell later.

What You Know About the Property

Roughly. A 30-year loan from 2019 has about 24 left. We use this to work out your principal and interest for you.

Your real rate on this loan. This tool does not assume a rate for you.

The single biggest lever here. Use what this specific home would truly rent for today.

The full amount you pay each month. You do not need to know the breakdown.

How long you would keep it before selling. We default to 10.

The Estimates
These default to the conservative load a lender uses to pressure-test a rental: 10% each for vacancy, management, and upkeep. That is why the honest cash flow lands lower than "rent minus the mortgage." Adjust any of them to your reality.

Time empty between tenants, plus the occasional non-payment. Even good rentals sit sometimes.

Set to 0 if you self-manage, but count on the time cost either way.

The bill you have not gotten yet. 10% of rent is the planning estimate, more for older homes.

Commission plus closing costs and typical concessions, whenever you sell, now or later.

How fast the home gains value. Along with how long you hold, this drives the equity you walk away with later.

Let's figure out if this makes a good rental.

Your rent number, your real payoff, and what the cash is for all drive this. Book a rental consult and we'll run your actual figures together, then get you moving in the right direction, whether that is keeping it or selling.

Schedule a Rental Consult

Brian Wittman | Blue Jean Broker
Real Estate | Mortgage | Life Insurance | Financial Literacy

Educational tool only. Not financial, lending, real estate, tax, or legal advice, and not an offer or a commitment to lend. Figures are estimates built from the numbers you enter; all loans are subject to credit approval. Brian Wittman is licensed in real estate (Real Broker LLC, IL License #475.164962), mortgage origination (NEXA Mortgage, LLC, Company NMLS #1660690; Brian Wittman, MLO NMLS #2646598), and life insurance (Levinson & Associates). Verify mortgage licensing at nmlsconsumeraccess.org. Full disclosures at bluejeanbroker.com/disclosures.

This is not an offer to enter into an agreement. This is not a commitment to make a loan. Not all customers will qualify. Information, rates and programs are subject to change without prior notice. All products are subject to credit and property approval. All approvals are subject to underwriting guidelines. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations may apply. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit standards, and property limits. NEXA Mortgage, LLC is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency. Copyright © 2020 NEXA Mortgage, LLC NMLS#1660690. AZBK #2006218. 5559 S Sossaman Rd Bldg #1 Ste #101 Mesa, AZ 85212, 602-344-9333. www.NEXALending.com NEXA Mortgage, LLC is an Equal Housing Lender|Equal Housing Opportunity. All rights reserved.