Vacancy Rate Calculator
Understanding your property's vacancy rate is crucial for effective property management and financial planning. A high vacancy rate can significantly impact your rental income and profitability. This calculator helps you easily determine your current vacancy rate.
What is Vacancy Rate?
The vacancy rate is a key performance indicator for rental properties. It represents the percentage of occupied rental units in your property or portfolio over a specific period. A lower vacancy rate generally signifies a healthier and more profitable rental business, indicating strong demand for your properties and efficient tenant turnover.
How to Calculate Vacancy Rate
The formula for calculating vacancy rate is straightforward:
Vacancy Rate = (Number of Vacant Units / Total Number of Rental Units) * 100
Understanding this metric helps property owners and managers identify potential issues, such as uncompetitive rental pricing, poor property condition, or ineffective marketing strategies. By monitoring and aiming to minimize your vacancy rate, you can maximize your rental income and ensure the long-term success of your investment.
Example Calculation:
Let's say you own an apartment complex with a total of 100 rental units. Currently, 5 of these units are vacant and awaiting new tenants.
- Total Number of Rental Units = 100
- Number of Vacant Units = 5
Using the formula:
Vacancy Rate = (5 / 100) * 100 = 5%
In this scenario, the property has a vacancy rate of 5%, meaning 5% of the available units are currently unoccupied.
function calculateVacancyRate() {
var totalUnitsInput = document.getElementById("totalUnits");
var vacantUnitsInput = document.getElementById("vacantUnits");
var resultDiv = document.getElementById("result");
var totalUnits = parseFloat(totalUnitsInput.value);
var vacantUnits = parseFloat(vacantUnitsInput.value);
if (isNaN(totalUnits) || isNaN(vacantUnits)) {
resultDiv.innerHTML = "Please enter valid numbers for all fields.";
return;
}
if (totalUnits <= 0) {
resultDiv.innerHTML = "Total number of rental units must be greater than zero.";
return;
}
if (vacantUnits totalUnits) {
resultDiv.innerHTML = "Number of vacant units cannot be greater than the total number of units.";
return;
}
var vacancyRate = (vacantUnits / totalUnits) * 100;
resultDiv.innerHTML = "
Your Vacancy Rate:
" + vacancyRate.toFixed(2) + "%";
}
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padding: 20px;
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border-radius: 8px;
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flex-wrap: wrap;
gap: 30px;
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