Global Collective Real Estate Houston Homes for Sale

Rental Property Depreciation Calculator

Rental Property Depreciation Calculator body { font-family: Arial, sans-serif; margin: 0; padding: 0; background-color: #f4f4f9; } .container { max-width: 1200px; margin: 0 auto; padding: 20px; } .form-container { background-color: #fff; padding: 20px; box-shadow: 0 0 15px rgba(0,0,0,0.1); border-radius: 8px; } input, select, button { width: 100%; padding: 10px; margin: 10px 0; border: 1px solid #ddd; border-radius: 5px; box-sizing: border-box; } button { background-color: #007BFF; color: white; border: none; cursor: pointer; } button:hover { background-color: #0056b3; } .result-container { display: none; background-color: #fff; padding: 20px; box-shadow: 0 0 15px rgba(0,0,0,0.1); border-radius: 8px; margin-top: 30px; } .chart-container { display: block; margin-top: 40px; } .chart-container canvas { width: 100%; height: 300px; }

Rental Property Depreciation Calculator

Depreciation Calculation Results

Annual Depreciation ($):

Total Depreciation Over Time ($):

Tax Savings from Depreciation ($):

Depreciation Over Time

function calculateDepreciation() { // Get input values const purchasePrice = parseFloat(document.getElementById('purchasePrice').value); const landValue = parseFloat(document.getElementById('landValue').value); const usefulLife = parseFloat(document.getElementById('usefulLife').value); const taxBracket = parseFloat(document.getElementById('taxBracket').value); // Validate inputs if (isNaN(purchasePrice) || isNaN(landValue) || isNaN(usefulLife) || isNaN(taxBracket)) { alert("Please enter valid values for all fields."); return; } // Calculate depreciable amount (purchase price minus land value) const depreciableValue = purchasePrice - landValue; // Annual depreciation (straight-line method) const annualDepreciation = depreciableValue / usefulLife; // Total depreciation over useful life const totalDepreciation = annualDepreciation * usefulLife; // Tax savings due to depreciation const taxSavings = annualDepreciation * (taxBracket / 100); // Display results document.getElementById('annualDepreciation').innerText = annualDepreciation.toFixed(2); document.getElementById('totalDepreciation').innerText = totalDepreciation.toFixed(2); document.getElementById('taxSavings').innerText = taxSavings.toFixed(2); // Show results section document.getElementById('results').style.display = 'block'; // Create depreciation chart data const depreciationData = { labels: Array.from({ length: usefulLife }, (v, k) => `Year ${k + 1}`), datasets: [{ label: 'Depreciation ($)', data: Array.from({ length: usefulLife }, () => annualDepreciation), backgroundColor: 'rgba(54, 162, 235, 0.6)', borderColor: 'rgba(54, 162, 235, 1)', borderWidth: 1 }] }; // Create chart const ctx = document.getElementById('depreciationChart').getContext('2d'); new Chart(ctx, { type: 'bar', data: depreciationData, options: { responsive: true, plugins: { title: { display: true, text: 'Depreciation Over Time' }, legend: { display: false } }, scales: { y: { beginAtZero: true, title: { display: true, text: 'Depreciation ($)' } } } } }); }

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