713METRICS

Tool 08 · Calculators

Rental Rehab Budget Calculator

Total a renovation budget including scope, permits, contingency, and carrying costs.

What will it really cost to make the property rent-ready?

  • Kitchen
    $
  • Bathrooms
    $
  • Flooring
    $
  • Interior paint
    $
  • Exterior paint
    $
  • Roof
    $
  • HVAC
    $
  • Electrical
    $
  • Plumbing
    $
  • Windows
    $
  • Doors
    $
  • Appliances
    $
  • Landscaping
    $
  • Foundation
    $
  • Permits / professional fees
    $
  • Cleanup
    $
  • Other
    $
%

How it works

Most rehab overruns come from work that wasn't scoped. Itemize every category, add custom lines, and carry a contingency for what inspection can't see.

Build line items from contractor bids after inspection. Confirm permit requirements with the City of Houston or the applicable jurisdiction.

Formula

Subtotal

Sum of all line items

Contingency

Subtotal × Contingency %

Final rehab budget

Subtotal + Contingency

Frequently asked questions

How much contingency should I use?

It depends on the property's age, condition, and how thoroughly it's been inspected. Older properties and unknown conditions warrant more.

Should carrying costs be part of the rehab budget?

Yes. You pay the mortgage, taxes, insurance, and utilities while the property earns no rent.

See how every assumption interacts

The 713 Deal Generator combines financing, income, operating costs, and upfront cash into a printable report with stress tests and the 713 Metrics Score.

Run the Full 713 Deal Generator

713 Metrics provides educational and informational tools based on user-provided assumptions. Results are estimates and do not constitute financial, investment, tax, legal, lending, appraisal, brokerage, insurance, or real-estate advice. Verify property-specific information independently and consult appropriate licensed professionals.