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Vacant vs Occupied Sale Calculator

Selling a rental vacant expands the buyer pool (owner-occupants can see it clean) but loses rent income. Selling occupied attracts investors but at a discount. This calculator compares both paths on net proceeds after vacancy loss or buyer-pool discount.

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Higher-net path

Sell vacant

Lead over other path

$24,125

Vacant net proceeds

$478,125

Occupied net proceeds

$454,000

Lost rent during vacant sale

$3,375

Gross price delta (vacant − occupied)

$30,000

How the math works

$485K vacant minus $3,375 lost rent (45 days) minus $3,500 make-ready = $478,125. $455K occupied minus $1,000 tenant coop = $454K. Vacant wins by ~$24K.

Price delta of $30K typically covers ~50-70 days of vacancy at common rent levels. If your lease has under-market rent, occupied discount is larger and vacant path wins more cleanly. If rent is at or above market, delta narrows.

How to Use

  1. Enter monthly rent and projected days vacant if you empty it.
  2. Enter the expected price difference (vacant sells higher in most markets).
  3. See net comparison and which path wins.

Frequently Asked Questions

How much higher does vacant sell for?

3-12% in most markets. Owner-occupant pool is 3-5x larger than investor pool. Vacant shows better (clean, painted, staged). In hot rental markets with strong cash-flow investors, the gap can compress to 0-3%.

Tenant disruption to showings?

Big issue. Uncooperative tenants can kill sales — refuse showings, mess in photos, talk buyers out of it. Offer cash for cooperation ($500-$1,500). Or give 60-day notice to vacate and sell empty.

Existing lease continues?

Yes. New buyer inherits the lease. Lease term matters: month-to-month gives buyer flexibility; 12-month lease at under-market rent is a value-drag. Disclose lease terms in MLS.

Buyer financing changes?

Owner-occupied buyers get conventional 3-5% down loans. Investor buyers need 20-25% down + investor rate. Investor pool shrinks the buyer pool by 60-70%. Fewer bidders = lower price.

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