Free Tool
Rental Income Calculator
Calculate your qualifying rental income using Fannie Mae guidelines. Supports both Schedule E (tax return) and Lease/Appraisal methods, up to 10 properties.
Property 1
$0.00/mo
Enter annual figures from the borrower's Schedule E (Form 1040). Net rental income is calculated per Fannie Mae guidelines, then divided by 12 for a monthly figure.
$
Schedule E, Line 3 $
Schedule E, Line 20 Add-Backs (already included in expenses above)
$
Schedule E, Line 18 $
Schedule E, Line 12 $
Schedule E, Line 16 $
Schedule E, Line 9 $
Schedule E, Line 19 (Other expenses) $
Principal + Interest + Taxes + Insurance + HOA Gross Rents (annual)$0.00
− Total Expenses$0.00
+ Add-Backs$0.00
Net Rental Income (annual)$0.00
÷ 12 months$0.00
− Monthly PITIA$0.00
Qualifying Income (Loss)$0.00
Enter the gross monthly rent from the lease agreement or appraisal. Fannie Mae applies a 25% vacancy factor, then subtracts the full PITIA payment.
$
From lease agreement or appraiser's market rent $
Principal + Interest + Taxes + Insurance + HOA Gross Monthly Rent$0.00
× 75% (vacancy factor)$0.00
− Monthly PITIA$0.00
Qualifying Income (Loss)$0.00