Seller Concessions
Real Estate Commission
Single Input Deal Analysis

Rent Ready Costs

Initial repairs and improvements needed before renting the property.

Example Result

Sample Data
$0

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

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Rent Ready Costs Formula

User Input
User Input
$0

Where to Find This Value

Here's where you can find the value for Rent Ready Costs:

Contractor Bids

Get itemized bids from contractors for repairs needed before renting

Renovation Estimate

Create a scope of work and get estimates for all rent-ready improvements

Inspection Report

A property inspection identifies items needing repair or replacement

Used to Calculate

Rent Ready Costs is used as an input for these calculations:

Cost Basis
Tax Benefits
$396,550
Total Cash Invested
Deal Analysis
$111,163
Rehab Cost Per Square Foot
Deal Analysis
$0.00

Platform Distribution

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Why It Matters

Rent ready costs increase your Total Cash Needed and can significantly affect your first-year returns. Underestimating these costs is one of the most common mistakes new investors make. Always get contractor bids or walk the property with an experienced investor before finalizing your estimate.

Detailed Explanation

Rent Ready Costs (also called make-ready costs or initial rehab) cover the repairs, cleaning, and improvements needed to get the property tenant-ready after purchase. This might include painting, flooring, appliance replacement, landscaping, or minor repairs. These costs are separate from ongoing maintenance and CapEx reserves.

Example

Sample Result
$5,000

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

Related Calculations

Total Cash to Close

U

Cash needed at the closing table to acquire the property.

$88,550 Example

Total Cash Invested

U

Total cash committed to the property: closing costs, rent-ready, reserves, and negative cash flow.

$111,163 Example

All-In Cost Per Unit

U

Total acquisition cost (including closing and rehab) per unit.

$396,550 Example

All-In Cost Per Square Foot

U

Total acquisition cost per square foot.

$264.37 Example

Rehab Cost Per Square Foot

2

Rent-ready/renovation costs divided by square footage.

$0.00 Example

ARV Estimate

1

After Repair Value — estimated property value after renovations.

N/A

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