Schedule E Rental Income Calculator

210 Mortgage • Your next step

Need help reviewing rental income for a mortgage?

Explore your rental income worksheet and property cash flow before reviewing documentation and lender requirements.

Text a Question Start Your Preapproval

No texting app on this device? Text (210) 204-8249 from your phone.

Calculator estimates are educational. A real mortgage professional can review your circumstances, documentation and lender requirements. A scenario review is not a loan approval or a guarantee of terms.

210 Mortgage | NMLS #219381

210 MORTGAGE • SCENARIO TOOLS

Schedule E Rental Income

Use the schedule e rental income calculator to model a reviewed single-property Schedule E cash-flow worksheet and subtract current housing obligations once.

1. Tax-return rental result

Enter the matching values below. Amounts marked annual must cover a full year.

Enter an amount in dollars; use 0 when none applies.

Enter the complete months covered by the income or deposit figures above. Use the same period for all matching amounts.

Enter an amount in dollars; use 0 when none applies.

Enter an amount in dollars; use 0 when none applies.

Enter an amount in dollars; use 0 when none applies.

Enter an amount in dollars; use 0 when none applies.

Enter an amount in dollars; use 0 when none applies.

2. Current housing expense

Enter the matching values below. Amounts marked annual must cover a full year.

Enter an amount in dollars; use 0 when none applies.

No contact information required. Numbers stay in the browser unless you choose to share them in a review request.

Your scenario estimate

Complete the numbered sections, then select Calculate.

Educational estimates, not approval, a rate quote or a commitment to lend. Entered rates are hypothetical modeling assumptions, not currently available 210 Mortgage rates. No APR calculation, future-rate forecast or automatic eligibility decision. User-entered fees, ratios and forecasts are assumptions. Results do not establish eligibility, a rate offer or an available credit limit. 210 Mortgage • Tyler Krug NMLS #219381 • Mortgage loans originated through My Community Mortgage, LLC NMLS #2408499 • Equal Housing Lender. See site licensing and disclosures.

How to Use the Schedule E Rental Income Calculator

Step 1: Tax-return rental result

Enter annual net rental profit/loss for one property and the months of documented in-service operation selected by the lender. Enter reviewed depreciation, mortgage interest, taxes, insurance and HOA expenses included in that tax result.

Step 2: Current housing expense

Enter full current monthly PITIA and other lender-counted property obligations. The model restores tax-return housing expenses before subtracting the current obligation, avoiding double counting.

Calculate, compare and request a review

Choose Calculate to see your estimate. Change one assumption at a time and calculate again. Contact information is optional. Use the review form or Text a Question when you need help verifying the inputs.

How the Calculator Works

Adjusted period rental=reported net+reviewed depreciation+deducted interest+taxes+insurance+HOA. Monthly before housing=adjusted/entered in-service months. Modeled net/loss=subtract current monthly PITIA/other counted debt once.

Example calculation

Hypothetical example, not an available loan offer. Reported loss−$5,000 plus $20,000 reviewed adjustments over12months equals $1,250 before current PITIA. A $1,500 obligation produces−$250 monthly.

How to interpret your results

A positive worksheet result may still be limited to offsetting PITIA depending on the property/borrower history and program. Loss treatment also requires review.

Assumptions and factors that change the result

One property, no automatic add-back approval, management-history determination, day-to-month conversion, lease75% method or AUS data-entry instructions. Monthly obligation must include all applicable liens.

Frequently asked questions

Why is the current property payment deducted separately?

The worksheet restores selected reviewed financing and property-cost items from reported net income, then subtracts current PITIA once. Duplicating that deduction understates the modeled cash flow.

Do these results mean I am approved?

No. The tool calculates the entered scenario. Documentation, property eligibility, program rules and lender review remain separate.

What should I do when an input is uncertain?

Use a documented quote or clearly labeled planning assumption. Change one input at a time, calculate again, and request a review before relying on it.

Related 210 Mortgage guides

Methodology sources

Guideline references checked October 6, 2026. Mathematical comparisons do not replace the applicable lender’s review.

210 Mortgage • Your next step

Need help reviewing rental income for a mortgage?

Text a Question Start Your Preapproval

No texting app on this device? Text (210) 204-8249 from your phone.

Calculator estimates are educational. A real mortgage professional can review your circumstances, documentation and lender requirements. A scenario review is not a loan approval or a guarantee of terms.

210 Mortgage | NMLS #219381