Should You Sell or Rent Out Your Home?

Use our Sell vs Rent Calculator to compare the financial impact of selling your home now versus renting it out. Factor in all costs, taxes, appreciation, and rental income to make the best decision for your situation.

How It Works
Sell vs Rent illustration
Step 1 of 8

Sale Details

Property Details
Home Value
Price Paid
Refurbishing Costs to Sell Now

Mortgage Details
Original Mortgage
Mortgage Balance
Interest Rate (%)
Mortgage Payment
Taxes, Insurance, HOA (Monthly)
Original Mortgage Term (Years)

Sale & Tax Details
Selling Costs
%
Effective Capital Gains Tax (%)

Investment
After-Tax Reinvestment Rate (%)

Rent Details

Rental Income
Monthly Rent
Occupancy Rate (%)
Annual Change in Rents (%)

Rental Expenses
Property Management Fee (%)
Tax Rate on Rental "Profit" (%)
Annual Maintenance Costs
Capital Improvements While Renting
Make-Ready Costs (for Renting)

Holding Period
Appreciation Rate (%)
Years to Rent

How This Sell vs. Rent Calculator Works

Our sell vs. rent calculator compares the financial outcome of selling your home now versus renting it out for a period and then selling (or keeping it). It models costs, taxes, appreciation, rental income, and investment returns.

Selling Now

Net proceeds = Sale price − Selling costs (agent commissions, closing costs) − Mortgage payoff − Refurbishing costs − Capital gains tax. A $250,000 exclusion applies if the primary residence toggle is on and you meet the 2-of-5-year rule.

Renting Out

We simulate each year: rental income (adjusted for occupancy and increases), minus vacancy, management fees, maintenance, HOA, insurance, taxes, capital improvements, and make-ready costs. Rental profit tax applies at your marginal rate. If depreciation is enabled, we model annual depreciation and recapture at sale. Home value appreciates each year by your chosen rate. After the holding period, we calculate final sale proceeds (or sum rental cash flows only if "Do not sell after renting" is on).

Investment Return

If you sell, you can enter an after-tax annual return. We compound net proceeds at this rate to show the future value of selling and investing.

Key Toggles

  • Selling costs: % of home value or flat $ amount
  • Primary residence: Applies $250,000 capital gains exclusion
  • Do not sell after renting: Sums rental cash flows only, no final sale
  • Depreciation: Models depreciation and recapture at sale

Assumptions & Tips

Mortgage payments during rental are not modeled (assumes interest-only or paid off). All values are in today's dollars. Use realistic vacancy, appreciation, and expense inputs. Consult a tax advisor for capital gains and depreciation.

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