Total Operating Expenses
Sum of all property operating costs (taxes, insurance, management, maintenance, CapEx, HOA, utilities)
Example Result
Sample DataBased on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.
See Your Own Properties
With the Rental Property Calculator, you can run this calculation against your own rental properties using your real numbers.
40-Year Projection Chart
Subscribe to explore how total operating expenses evolves over a 480-month holding period.
View PricingTotal Operating Expenses Formula
What This Means
A sample property priced at $385,000 with $2,850/month rent has a total operating expenses of $11,924 at Purchase (Month 0). Your total operating expense load drives the Operating Expense Ratio and Net Operating Income. Keeping operating expenses low relative to income is a key indicator of an efficiently run property.
Where This Value Comes From
Total Operating Expenses is not entered directly — it is calculated from Property Taxes, Insurance, HOA Fees, Monthly Utilities, Maintenance, Property Management, CapEx Reserve Annual, Other Expense 1, and Other Expense 2. See the formula breakdown above and the detailed inputs below.
Inputs That Determine Total Operating Expenses
Calculations That Use Total Operating Expenses
Platform Distribution
Unlock Platform Benchmarks
See the average, median, and where your property ranks among other investors on the platform.
Unlock Rental Property CalculatorWhy It Matters
Your total operating expense load drives the Operating Expense Ratio and Net Operating Income. Keeping operating expenses low relative to income is a key indicator of an efficiently run property.
Detailed Explanation
Total Operating Expenses is the annual sum of all costs required to operate the property, excluding debt service. It includes property taxes, insurance, management fees, maintenance reserves, CapEx reserves, HOA dues, utilities, and any other recurring operating costs. This is the numerator in the Operating Expense Ratio and a key input for Net Operating Income.
Example
Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.
Related Calculations
Other Expense 1
UUser-defined additional monthly expense for miscellaneous costs not covered by standard expense cate
Other Expense 2
USecond user-defined additional monthly expense for miscellaneous costs not covered by standard expen
Operating Expense Ratio
2Operating expenses as a percentage of effective gross income.
Total Expenses
UAll annual costs including operating expenses and debt service.
Per Unit Operating Cost
2Annual operating expenses divided by number of units.
Operating Cost Per Square Foot
2Annual operating expenses divided by total square footage.
Run This Calculation on Your Property
Get instant results for all 207 calculations by entering your property details into the Rental Property Calculator.
View Pricing