Finance category
Mortgage, loan, investing, tax, and money calculators.
Gross Scheduled Rent Calculator
Build the top of the multifamily operating statement: gross scheduled rent at market and in place, loss to lease, vacancy, other income, and the effective gross income that drives NOI.
Gross Scheduled Rent (in place)
$63,360
annual contract rent
GPR at market
$69,600
if all units at market
Loss to lease
$6,240
9.0% of GPR
Effective Gross Income
$61,056
collected rent + other
Reading the numbers
GPR is the top of the operating income statement: contract rent × 12 across all units. Subtract loss to lease and vacancy/credit loss to get effective gross income, then subtract operating expenses for NOI.
Loss to lease is the gap between today's market rent and what existing tenants are paying. It's the value-add opportunity if you can move rents to market over time without triggering high vacancy.
How to Use
- Enter unit count and the average market rent for those units.
- Enter the average in-place rent (what current tenants are actually paying).
- Enter expected vacancy in months per unit per year.
- Add other monthly income per unit (laundry, parking, storage, fees).
- Read GPR, loss to lease, and effective gross income — the foundation of NOI.
Frequently Asked Questions
What is gross scheduled rent (GPR)?
Total annual contract rent if every unit were leased at the in-place rate for all 12 months. It's the top line of multifamily income statements before vacancy and loss-to-lease are subtracted.
What is loss to lease?
The gap between current market rent and what existing tenants pay. It's the upside opportunity for a value-add operator who can move rents to market over time without losing too many tenants.
Is loss to lease the same as vacancy?
No. Loss to lease is the discount existing tenants get vs market. Vacancy is unrented unit-time. Both reduce GPR to EGI but they're separate line items on a real operating statement.
What's effective gross income?
EGI = GPR (in place) − vacancy/credit loss + other income. It's the actual income before operating expenses. NOI = EGI − operating expenses.
Related Calculators
Net Operating Income Calculator
Subtract operating expenses from EGI to get NOI.
Rent Roll Calculator
Build unit-by-unit GPR for a real rent roll.
Vacancy Loss Calculator
Translate vacancy months into dollars subtracted from GPR.
Operating Expense Ratio Calculator
Use EGI to compute OER.
Cap Rate Calculator
Apply NOI (built from this GPR) against value.
Rental Cash Flow Calculator
Run full rental cash flow including debt service.
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