What is Vacancy Rate?
Vacancy Rate is the percentage of time a rental property sits empty and not generating income. Every vacant day costs you rent while you still pay mortgage, taxes, and insurance. Most investors budget 5-10% vacancy even when fully occupied.
Formula
Vacancy Rate = (Vacant Days / Total Days) × 100
Good
Below 5% in strong rental markets
Great
0% (fully occupied year round)
Watch For
Above 10% indicates a problem with pricing, condition, or location
Frequently Asked Questions
What is a good Vacancy for rental property?
A good Vacancy is Below 5% in strong rental markets. A great Vacancy is 0% (fully occupied year round). Be cautious if Above 10% indicates a problem with pricing, condition, or location.
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