RentalCalcs · Original decision worksheet

First-rental funding worksheet

Assign money to a payment date or a retained balance. Fill locally, then print or save as PDF. Nothing is submitted or automatically saved.

Read the complete worked guide

Worked example

The hypothetical $250,000 purchase needs $77,395: $58,250 for the transaction and inspection, $8,911 for initial work and planned lease-up, and $10,234 retained afterward.

1. Reconcile the transaction

Price, down payment, appraisal basis and dated loan quoteItemized settlement costs and prepaids; what the allowance includesDeposit and credits already counted toward settlementInspection and other separately paid costs; remaining settlement amount

2. Fund the opening

Initial work, written scope, cost and expected completion dateFirst payment date and planned months before rent startsCarrying payments, utilities, leasing fees and other opening costsFunds already assigned to those costs; avoid counting them as untouched reserves

3. Test the retained balance

Cash remaining after the planned opening; household savings excludedLender reserve requirement, eligible assets and any extra conditionsRepair overrun and additional delay beyond the funded openingRemaining reserve after the downside; funding gap and next action

Calculation notes

Total funding = down payment + transaction costs + separately paid inspection + initial work + planned carrying costs + retained reserve. Subtract credited deposits only when finding the remaining settlement payment, not when measuring the full commitment. Our extra $5,000 repair and one additional PITI-and-utilities month leave about $3,278 of the retained reserve.

Reviewed October 14, 2026. Original RentalCalcs educational worksheet. Numbers are hypothetical, not property estimates or a lender commitment. CFPB Closing Disclosure explainer; use the settlement documents applicable to your loan.