Worksheet
Rental income worksheet
Plain answer
Enter the rent under the lease and the share of gross rent your lender says it counts, then the property's monthly costs. The worksheet shows counted rent minus the property's housing payment: positive net rent can add to income, negative net rent counts as a monthly obligation. Every field starts empty.
Last reviewed against the primary sources listed below.
Limits
- Lenders using tax returns calculate differently.
- Programs differ; this is a concept check only.
Landlords also ask
How do lenders calculate rental income?
Typically a share of gross rent minus the property's principal, interest, taxes, insurance and dues, or from tax return figures.