House Rate Calculator
This calculator helps you estimate the potential monthly rental income for a property based on its estimated value and an assumed rental yield percentage. Understanding potential rental income is crucial for real estate investors to assess profitability and make informed decisions about property purchases. The rental yield is the annual rental income expressed as a percentage of the property's market value.
Estimated Property Value:
€
Expected Annual Rental Yield (%):
%
Calculate Monthly Rate
.calculator-container {
font-family: Arial, sans-serif;
border: 1px solid #ccc;
padding: 20px;
border-radius: 8px;
max-width: 500px;
margin: 20px auto;
box-shadow: 0 2px 4px rgba(0,0,0,0.1);
background-color: #f9f9f9;
}
.calculator-title {
text-align: center;
color: #333;
margin-bottom: 15px;
}
.calculator-description {
color: #555;
font-size: 0.9em;
line-height: 1.5;
margin-bottom: 20px;
text-align: justify;
}
.input-section {
margin-bottom: 15px;
display: flex;
align-items: center;
gap: 10px;
}
.input-section label {
flex: 1;
font-weight: bold;
color: #444;
font-size: 0.95em;
}
.input-section input {
padding: 8px;
border: 1px solid #ddd;
border-radius: 4px;
width: 120px;
text-align: right;
}
.input-section input:focus {
outline: none;
border-color: #007bff;
}
.currency-unit, .percent-unit {
font-weight: bold;
color: #666;
}
button {
display: block;
width: 100%;
padding: 10px;
background-color: #007bff;
color: white;
border: none;
border-radius: 5px;
cursor: pointer;
font-size: 1em;
transition: background-color 0.3s ease;
margin-top: 20px;
}
button:hover {
background-color: #0056b3;
}
.result-section {
margin-top: 20px;
padding: 15px;
border-top: 1px solid #eee;
text-align: center;
font-size: 1.1em;
color: #333;
background-color: #e9ecef;
border-radius: 4px;
}
.result-section strong {
color: #007bff;
}
function calculateHouseRate() {
var propertyValue = parseFloat(document.getElementById("propertyValue").value);
var rentalYield = parseFloat(document.getElementById("rentalYield").value);
var resultElement = document.getElementById("result");
resultElement.innerHTML = ""; // Clear previous result
if (isNaN(propertyValue) || isNaN(rentalYield)) {
resultElement.innerHTML = "Please enter valid numbers for both fields.";
return;
}
if (propertyValue <= 0 || rentalYield <= 0) {
resultElement.innerHTML = "Property value and rental yield must be positive.";
return;
}
// Calculate annual rental income
var annualRentalIncome = (propertyValue * rentalYield) / 100;
// Calculate monthly rental income
var monthlyRentalIncome = annualRentalIncome / 12;
resultElement.innerHTML = "Estimated Monthly Rental Income:
" + monthlyRentalIncome.toFixed(2) + " € ";
}