How much is vacancy actually costing your portfolio?
What is this? Vacancy is the single largest "phantom expense" landlords overlook. A unit sitting empty for 4 weeks/year sounds minor — but that's 8.3% of potential income gone. Add turnover costs (cleaning, repairs, marketing) and vacancy can eat 12-15% of your gross rent.
Industry benchmarks: Well-managed single-family: 3-5% vacancy. Average rental: 5-8%. High-turnover multi-family: 8-12%.
Who it's for: Landlords evaluating whether to lower rents (faster leasing) vs. holding out for higher rent.
Your Units
Vacancy Cost Summary
Annual Vacancy Loss
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Turnover Cost/Year
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Total Vacancy Cost
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Effective Vacancy Rate
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Cost Per Unit/Year
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vs National Average
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Estimates based on averages. Actual vacancy varies by market, property, and management.