Rent Reality Tool
Quick rent range estimate using bedrooms, condition, and demand pressure. Conservative by default.
Inputs
If you know an approximate market base, enter it. Otherwise leave 0.
Estimate
How to Use the Rent Reality Tool
Use this tool to get a conservative rent range based on bedrooms, bathrooms, property type, condition, and demand. It is designed to prevent overestimating.
- Select bedrooms, bathrooms, and property type.
- Choose condition and demand pressure to match the unit.
- Optional: enter a base rent if you already have a strong comp number.
- Click Estimate Rent Range and use the realistic number in your underwriting.
If you are unsure, pick average condition and normal demand. Then adjust after you check real comps.
What the Rent Range Means
The low end reflects a price that should lease faster. The high end assumes strong presentation and solid demand. The realistic number is the safest input for cash flow tools.
Frequently Asked Questions
How accurate is this rent estimate
This is a quick range tool. It is best used as a starting point. For final pricing, confirm with recent comps that match layout, parking, yard, and finishes.
When should I use the base rent override
Use it when you already have a realistic comp number. The tool will adjust around your base instead of guessing from bedrooms and bathrooms.
Why does the tool feel conservative
Most underwriting mistakes come from rent optimism. A conservative estimate protects your cash flow assumptions and reduces surprise vacancies.
Which number should I use in a cash flow calculator
Use the realistic number. If the deal only works at the high end, it is fragile.
