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  1. Home
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  3. /Rental Property Spreadsheet

Free Rental Property Spreadsheet

A simple income and expense tracker for your rental. Log rent and costs each month to see your cash flow at a glance — and keep the numbers your accountant and lender will ask for in one place.

Download the spreadsheet (CSV)Opens in Excel or Google Sheets. Free, no signup required.

What this rental property spreadsheet tracks

The template gives you a row for every month and columns for each income and expense category, then totals your monthly and annual net cash flow. It’s the working record behind tax season, your cash-flow analysis, and the documentation a lender reviews when you finance or refinance.

Income

Rent IncomeMonthly rent collected per property or unit.
Other IncomeLate fees, pet rent, parking, laundry, application fees.
Total IncomeRent plus other income for the month.

Expenses

Mortgage (P&I)Principal and interest — included for cash flow (exclude it for NOI/cap rate).
Property TaxMonthly share of annual property taxes.
InsuranceLandlord/hazard insurance premium.
Property ManagementManagement fee, typically 8–12% of rent.
Repairs & MaintenanceRoutine upkeep and turnover costs.
CapEx ReserveSet-aside for big-ticket items — roof, HVAC, appliances.
UtilitiesAny utilities the owner pays.
HOA / OtherHOA dues, software, accounting, or miscellaneous costs.

How to use the spreadsheet

  1. Download the file and open it in Excel or Google Sheets (January is filled as an example).
  2. Enter each month’s rent, other income, and expenses.
  3. Add SUM formulas to the ANNUAL TOTAL row to roll up the year.
  4. Read Net Cash Flow to see what the property puts in your pocket after all costs.
  5. To approximate NOI, exclude the mortgage line.

Cash flow vs. NOI

Cash flow subtracts everything, including your mortgage. NOI subtracts operating expenses but excludes financing, so it measures the property itself — the basis for cap rate. Track cash flow here, then compare deals on NOI. To also track leases and occupancy, grab the rent roll template.

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Rental property spreadsheet FAQs

What is a rental property spreadsheet?

A rental property spreadsheet tracks the income and expenses of your rental so you can see monthly and annual cash flow. It’s the working record behind your tax prep, your cash-flow analysis, and the numbers a lender or buyer will ask for.

What expenses should I track for a rental property?

Mortgage principal and interest, property taxes, insurance, property management, repairs and maintenance, a capital-expenditure reserve, owner-paid utilities, and HOA or other dues. Tracking a CapEx reserve and management even if you self-manage gives you a realistic picture.

How do I calculate rental property cash flow?

Cash flow = total income minus total expenses, including the mortgage. The template totals each month and annualizes it. For a metric that ignores financing, look at net operating income and cap rate instead.

What is the difference between cash flow and NOI?

Cash flow subtracts everything, including your mortgage payment. Net operating income (NOI) subtracts operating expenses but excludes the mortgage, so it measures the property independent of how you financed it. This template tracks cash flow; exclude the mortgage line to approximate NOI.

Can I use this spreadsheet for multiple properties?

Yes. Copy the sheet for each property, or add columns per unit. Pair it with the rent roll template to track occupancy and leases alongside income and expenses.

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