Finance category

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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.

Units

Avg market rent / unit

Avg in-place rent / unit

Vacancy months / unit / yr

Other monthly income / unit

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.

Editorial noteMaintained by EveryCalc - Reviewed June 2026

EveryCalc calculators are designed for fast, practical estimates with transparent inputs and no required account. We use plain formulas, visible assumptions, and related tools so visitors can check the result from more than one angle.

Results are informational only. For financial, tax, legal, medical, construction, or other high-impact decisions, verify the output against primary sources or a qualified professional.

Learn more about our review process on the EveryCalc methodology page.

How this calculator works

What this page estimates

This Gross Scheduled Rent Calculator is built to give a quick, browser-based estimate for gross scheduled rent. 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. The inputs stay on the page during normal use, and the result should be treated as an estimate for planning, comparison, or education rather than professional advice.

Calculation approach

The calculator applies the standard relationship implied by the inputs, then formats the answer so it can be checked and reused. For finance tools, the most important step is using consistent units, rates, time periods, and assumptions before comparing the result with another calculator or outside quote.

Example workflow

For example, start with a realistic value you already know, change one input at a time, and watch how the answer moves. That makes it easier to tell whether the result is being driven by the main amount, the rate, the time period, or a unit conversion.

Practical checks

Use current, real-world numbers when the result affects money, health, tax, or legal decisions.
Run a low, base, and high case when the inputs are estimates.
Check the related calculators below when the next decision depends on a different assumption.

How to interpret the gross scheduled rent result

Best use

Use the result as a planning number for comparing payments, rates, returns, tax reserves, or cash-flow choices before you request a quote or make a commitment.

Cross-check

Compare the answer with the contract, lender estimate, tax form, brokerage statement, payroll record, or invoice that will control the real-world outcome.

Watch for

Do not rely on a single optimistic rate, return, or fee assumption. Money pages work best when you run low, base, and high cases and keep professional advice separate from the estimate.

This page belongs to the Finance calculator library, so the answer should be read in the context of the decision you are modeling rather than as a universal rule.

Before relying on this gross scheduled rent estimate

Most calculator mistakes come from the inputs, not the arithmetic. Use this short audit before you reuse the answer in a spreadsheet, quote, application, or important conversation.

Confirm source numbers

Match balances, rates, fees, taxes, income, and payment dates against the lender quote, payroll record, tax form, statement, invoice, or contract.

Separate cash flow from total cost

A lower monthly payment can still cost more over time if fees, interest, taxes, or a longer term are hidden in the structure.

Run conservative cases

Test at least one higher-cost or lower-return case before using the output for a purchase, refinance, investment, loan, or tax decision.

Rerun this page when the rate, price, term, fee, tax rule, income, expense, or expected holding period changes.

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.