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Free Tool · Turnover Cost

Turnover Cost Calculator

See what cutting your turn time is actually worth — annual vacancy recovery, per unit and portfolio-wide. This is rent recovery only; it doesn’t count concessions avoided, faster lease-up, or maintenance hours freed up.

Your numbers

50%

US multifamily commonly runs 45–50%.

Jacksonville midpoint is roughly $1,425.

10 days
5 days

Target is higher than your current turn time — that shows as a loss below, not a recovery.

Unit mix should total 100% — results below use your numbers as entered.

What this means for your property

Recovered per year $23,750
Turns per year 100
Annual vacancy loss at current turn time $47,500
Annual vacancy loss at target turn time $23,750
Recovered per unit turned $238
Estimated annual painting spend $96,250
Estimated total annual turn cost $148,077

At 200 units turning 50% a year, cutting your turn from 10 to 5 days recovers about $23,750 annually — roughly $238 per unit, on rent alone.

This is rent recovery only. It doesn’t count concessions avoided, faster lease-up in a competitive submarket, or the maintenance hours freed up.

Painting rates use Southeast Florida benchmarks: $750 (1BR), $975 (2BR), $1,250 (3BR). Calculator rates ($750/$975/$1,250) are set slightly below the Southeast Florida benchmark because Jacksonville typically runs under South Florida on labor. Total turn cost assumes painting is 65% of the all-in figure, the midpoint of the industry 60–70% range. Daily rent uses a 30-day month. These are market benchmarks, not a quote — your numbers depend on your buildings.

Reading the numbers

What the calculator is actually showing you

Why days matter more than rate

Vacancy loss usually exceeds the painting line by a wide margin. A modest rent doesn’t offset a slow turn — the days themselves are the bigger cost, which is why cutting days moves the total more than negotiating the per-unit rate does.

What actually cuts days

Sequencing, not speed. Repairs → paint → clean → punch, in that order, with no crew waiting on the one before it. Rushing any single step usually costs more time than it saves once a patch fails or a coat gets recoated too early.

What this doesn’t count

Concessions avoided, faster lease-up velocity in a competitive submarket, and the maintenance hours freed up when techs aren’t chasing a slow turn. All real, none of them counted here — this is rent recovery only, deliberately conservative.

Questions

Common questions

Where do these painting rates come from?

Southeast Florida per-unit benchmarks, set slightly below the region’s published rates because Jacksonville typically runs under South Florida on labor. See the Turnover Painting Cost guide for the full sourced breakdown by market.

Why is painting 65% of turn cost?

65% is the midpoint of the industry-reported 60–70% range (Nexus Property Management). The calculator uses the midpoint rather than either end, since your actual share depends on drywall repair volume and whether you’re changing color.

What’s a realistic days-to-turn target?

The industry benchmark for a full make-ready is 3–5 days, with 5–7 also commonly cited. Your realistic number depends on unit condition, crew capacity and whether ceilings or a color change are involved.

Does this include add-ons like color changes or pet odor?

No. Add 10–15% to the painting spend figure to account for color changes, pet odor sealing and smoke remediation, which appear in a predictable proportion of turns even if you can’t predict which units.

Get a per-unit price for your property

Your calculator numbers are a starting point. We’ll walk your property and price it per unit type.

Read the cost guide →

Serving Duval, Clay, St. Johns and Nassau counties.