To calculate prorated rent either scroll down to my super easy calculator or follow this steps.
Remember, different months have different lengths, so the daily rental cost could vary if the month has 28, 30, or 31 days. And also, in leap years February has 29 days.
For real estate investors, if you want to check out the profitability a property can yield, check out my cash-on-cash return calculator.
Posted by: Matt Irving on 7/17/2023