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THE NOVAVISTA RENTAL POTENTIAL EXPLORER

Could your home
work as a rental?

Explore the numbers, see what it takes to cover your costs, and decide what to ask next. Get useful planning figures first, then request a free rental analysis from Novavista, part of Denovo Realty.

01 Start with your property

Plan for one home or rental unit. No contact details needed to calculate.

02 Explore the monthly numbers
Try your own figure. This tool does not estimate market rent.
Use 0 if the property has no mortgage.
Use the anticipated rental-property amount; use 0 only if none.
Use your anticipated rental-property coverage cost.
Include recurring association dues.
Add utilities or recurring costs you expect to pay.
03 Make room for the real costs

The 5% starting values below are illustrative assumptions, not local market data. Adjust them for your property.

Share of scheduled rent not collected during vacancy.
Share of scheduled rent set aside for ordinary repairs.
Share of scheduled rent set aside for major replacements.

Management fees are currently excluded. Your results will say “before management fees.” Leasing, setup and other one-time fees also need separate budgeting.

A STARTING POINT, WITH PEOPLE BEHIND IT

Your figures first.
Our local perspective next.

01

Explore your scenario.

Use your costs and adjust the assumptions. No contact information is required to see your results.

02

Ask for a team review.

Share your property address and scenario so our team can review its rental potential with you.

03

Discuss your next step.

Talk through pricing, property preparation, management services and your timing before making a decision.