Vacancy is one of the biggest drags on rental property returns. This calculator shows the true cost of empty units in Connecticut — pre-filled with Connecticut average rents ($2,130/mo) and vacancy rate (2.9%).
Avg Cap Rate
5.5%
Median Price
$415K
Property Tax
1.36%
Vacancy Rate
2.9%
Local Factors
Total Vacancy Cost
$4,465
$372/mo lost
What does this mean?
Under 3% vacancy is exceptional — nearly full occupancy year-round. This is common in supply-constrained markets or properties with strong tenant retention. Just make sure you're not under-pricing rents.
Vacancy loss is the income you don't collect when units sit empty between tenants. It's the gap between what a property could earn at full occupancy (Gross Potential Rent) and what it actually collects.
What vacancy rate should you use? Most lenders underwrite 5-8% for stabilized multifamily. Connecticut averages around 2.9%. Your actual rate depends on local market conditions, property condition, and management quality.
Keep running the numbers
Vacancy eats into everything in Connecticut. See the full impact on your returns.