Rental Income Toronto

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House for sale: 641 BATHURST ST, Toronto

32 photos

$1,699,000

641 Bathurst St, Toronto, Ontario M5S 2R2

6 beds
3 baths
4 days

Welcome to 641 Bathurst St - This perfectly located property situated in the heart of Toronto combines extensive mechanical upgrades with significant interior renovations and bonus future laneway home development potential. This is truly a one of a kind property perfect for investors, ideal

818 SHEPPARD AVE W, Toronto

5 photos

$1,560,000

818 Sheppard Ave W, Toronto, Ontario M3H 2T1

0 beds
0 baths
86 days

Great opportunity to own two retails units on Sheppard Ave with total of 4 rental income producing units at rear. Both units must be purchased together. The main floor consists of both units rented to a restaurant paying $9000 / month + all utilities etc. 816 & 818 each have two residential

816 SHEPPARD AVE W, Toronto

5 photos

$2,340,000

816 Sheppard Ave W, Toronto, Ontario M3H 2T1

0 beds
0 baths
86 days

Great opportunity to own two retails units on Sheppard Ave with total of 4 rental income producing units at rear. Both units must be purchased together. The main floor consists of both units rented to a restaurant paying $9000 / month + all utilities etc. 816 & 818 each have two residential

38 CRESTHAVEN DR E, Toronto

40 photos

$1,888,000

38 Cresthaven Dr E, Toronto, Ontario M2H 1M1

0 beds
0 baths
29 days

Attention builders and developers! Incredible opportunity. Income Property $5,500 monthly rental income + Paid Utilities. Ideal for easider Mortgage approval with existing income to qualify for a mortgage to buy now before prices are up to the roof, refinance after the mortgage rates are much

House for sale: 38 CRESTHAVEN DR E, Toronto

37 photos

$1,888,000

38 Cresthaven Dr E, Toronto, Ontario M2H 1M1

5 beds
4 baths
23 days

Attention families! Incredible opportunity! Conveniently located near top-rated schools & Seneca College, next to Cresthaven PS! Walking distance to Go Train! 2.5 min. walk to TTC Bus Station! Steps to Public Library and Tim Hortons for your morning Coffee. Act fast! Huge Potential in North

House for sale: 1059 BRIAR HILL AVE, Toronto

32 photos

$2,599,999

1059 Briar Hill Ave, Toronto, Ontario M6B 1M8

7 beds
7 baths
64 days

Welcome To 1059 Briar Hill Avenue, An Exceptional Investment Opportunity Nestled In The Heart Of Toronto, Just West Of Forest Hill, Along The Newly Built LRT. This Multiplex Offers Unparalleled Quality, Luxurious Finishes, And Outstanding Potential For Both Rental Income And Future Expansion.

House for sale: 6 ALLEGREZZA CRT, Toronto

1 photos

$2,199,000

6 Allegrezza Crt, Toronto, Ontario M6A 1T9

8 beds
7 baths
5 days

Location! Location! Location! New Build Assignment Sale by Reputable and Well Known Sunfield Homes Builder. Detached Home with 5+3 Bedroom Situated in Prime Area. Close to Yorkdale Mall, Plaza, Go Train, Subway, TTC, Major Highway and all other Amenities. Professional Finished 3 Bedroom Plus

House for sale: 60 ELISE TERR, Toronto

24 photos

$1,299,000

60 Elise Terr, Toronto, Ontario M2R 2X1

5 beds
3 baths
22 days

With features like updated amenities, ample parking, and proximity to essential facilities, this property presents a strong investment opportunity, especially for rental income. The separate entrance to the basement rental adds versatility and potential for additional rental income. A modern

House for sale: 63 HAZELWOOD AVE, Toronto

19 photos

$1,548,000

63 Hazelwood Ave, Toronto, Ontario M4J 1K4

5 beds
3 baths
59 days

Location! Location! Location! Very Convenient In Downtown Riverdale Community, Wide Full Brick Semi W/ 4+1 Bedrooms & 3 Full Bathrooms, High Ceiling On Main, Basement With Separate Entrance, Three Units Generate High Rental Income, Amazing Long Term Tenants Looking To Stay. Laneway Parking

House for sale: 18A AVON DR, Toronto

16 photos

$1,419,000

18a Avon Dr, Toronto, Ontario M6M 1P8

6 beds
3 baths
2 days

Welcome To Your Next Investment Opportunity In The Heart Of Toronto's Charming Keelesdale Neighbourhood! This Beautifully Renovated Home Boasts Three Large Self-Contained Units. All Units Have 2 Separate Entrances. Offering Versatility And Potential Rental Income. Step Inside To Discover Six

House for sale: 71 FORTROSE CRES, Toronto

29 photos

$988,000

71 Fortrose Cres, Toronto, Ontario M3A 2H2

6 beds
3 baths
7 days

Welcome To This Charming Gem in Strategic Location In North York! Tastefully Renovated (2021) Top To Bottom! One Of The Largest Semis In The Area W/Over 2,400 Sq Ft Of Living Space!!! This Sun-Filled Property Sits On A Premium 30 X 120 Ft Lot & Features Spacious 3+3 Bdrms, 2 Kitchens & 2.5

House for sale: 69 DENISON AVE, Toronto

23 photos

$1,666,800

69 Denison Ave, Toronto, Ontario M5T 2M7

7 beds
3 baths
22 days

Opportunity! Attention!! Attention To Investors And Own Users. Rarely Offered Detached Home With A Double Lane Way Garage On A Quiet Street In The Heart Of Downtown. Steps To Schools, Hospital, Queen West, Kensington Market And Chinatown. Great Investor Potential And Large Families. Ground

House for sale: 53 REGENT RD, Toronto

39 photos

$1,199,999

53 Regent Rd, Toronto, Ontario M3K 1G8

5 beds
4 baths
54 days

True pride of ownership shines throughout this 920+ sq ft Fully Renovated home in the sought after neighbourhood of Downsview-Roding. Previous 2 bed + 1 bath home, fully renovated and transformed from top to bottom into a 3 + 2 bedroom PLUS 2 separate one bedroom units (in basement). Over

20 UPJOHN RD, Toronto

30 photos

$19,800,000

20 Upjohn Rd, Toronto, Ontario M3B 2V9

0 beds
0 baths
163 days

Rare Stand-Alone 19,322 Sf Flex Office Building On 1.96 Acres In One Of The Most Desirable Parts Of The City. High End Finishes With A Combination Of Offices, Large Board Rooms And Meeting Space. Flexible Configuration Allows Owner To Occupy Entire Building Or A Portion And Generate Rental

House for sale: 10 INNES AVE, Toronto

26 photos

$1,225,000

10 Innes Ave, Toronto, Ontario M6E 1M8

4 beds
3 baths
2 days

This south-facing, updated semi-detached home in Corso-Italia comes with all the perks! A bright and inviting interior, great curb appeal, tons of upgrades, rental income opportunity, laneway suite potential, and more! The tastefully designed kitchen with a walk-out to the backyard deck will

House for sale: 64 PELMO CRES, Toronto

40 photos

$999,900

64 Pelmo Cres, Toronto, Ontario M9N 2X5

3 beds
2 baths
1 day

Charming detached property sitting on premium 51x 125ft lot, featuring 2 bedrooms and updated Kitchens and Bathrooms as well as an additional fully equipped basement apartment, complete with ensuite laundry, separate entrance and outdoor space. The center piece of this home is a custom kitchen,

House for sale: 166 MOORE PARK AVE, Toronto

21 photos

$1,660,000

166 Moore Park Ave, Toronto, Ontario M2M 1N2

3 beds
2 baths
72 days

Attention developers, builders, investors and end-users! This property presents a fantastic opportunity in North York's most sought-after area with a 50 x 132 lot, featuring a solid bungalow with endless possibilities. Whether you're looking for an income-generating property, a renovation

464-468 WINONA DR, Toronto

2 photos

$19,900,000

464-468 Winona Dr, Toronto, Ontario M6C 3T7

0 beds
0 baths
116 days

The Location is ideal for the Proposed Development of a 200-unit, Eleven-story Rental Apartment Building, currently in the planning phase. This optimal utilization of the land is now absolutely supported by Toronto's municipal policies that focus on increasing Rental Housing availability to

House for sale: 14 MILKWOOD AVE, Toronto

40 photos

$1,160,000

14 Milkwood Ave, Toronto, Ontario M9V 1M1

5 beds
4 baths
45 days

Welcome to 14 Milkwood Ave - A Dream Property To Own In The Heart Of Etobicoke In A Highly Desirable Area - Close Proximity To Humber College, William Osler Health System. This 3+2 Beds 4 Baths Property Is Ideal To Live In & Rent Basement For Extra Income Or Rent Out The Whole Property As

House for sale: 68 NEWTON DR, Toronto

39 photos

$2,750,000

68 Newton Dr, Toronto, Ontario M2M 2M9

6 beds
5 baths
7 days

**Stunning**Showcase & LUXURY Reno'd(Spent $$$--2023--Ready To Enjoy Your Family-Life Here)**Delightful & Happy Vibes W/Large Of Sunshine & Convenient Location-Mature Fam-Oriented/Desirable Neighbourhood**3000Sf(1st/2nd Flr--Total Apx 4300Sf)+Fully Finished Potential Rental Income($$$) W/Out

House for sale: 262 POYNTZ AVE, Toronto

31 photos

$1,899,000

262 Poyntz Ave, Toronto, Ontario M2N 1J7

6 beds
4 baths
10 days

Att'n Investors, Developers, Builders! Turn-key investment property with 3 units all with separate entrances and long-term tenants. Prime, well maintained property with immediate income! Earn income now-develop/build your dream home when ready. Located amongst multi-million dollar properties!

Parking for sale: 125 VILLAGE GREEN SQ, Toronto

1 photos

$149,900

125 Village Green Sq, Toronto, Ontario M1S 0G3

0 beds
0 baths
158 days

5 Prime Parking Spots For Sale On Level 2 In Tridel Luxury Condo! All Are Conveniently Located & Close To Condo Entry Doors/Elevators! Please Note: Spots May Be Purchased Individually, In Pairs Or Up To 5 & BUYER MUST RESIDE IN BUILDING, Or. In The Process Of Purchasing A Unit In The Building!

House for sale: 130 PEMBERTON AVE, Toronto

34 photos

$3,998,000

130 Pemberton Ave, Toronto, Ontario M2M 1Y7

9 beds
10 baths
49 days

**Spectacular**Top-Ranked School--Earl Haig Ss Zoning**UNIQUE Opportunity To Own For A Multi-Use(Purpose) Fam Hm(Your Family To Live-In & Potential Solid Income(Bsmt) Combined) Situated In The Centre Of N.Y**Luxurious Custom-Built Hm 5+4Bedrms/10Washrms/2Kitchens/2Laundry Rms--Built In 2022(Just

House for sale: 223 MANNING AVE, Toronto

24 photos

$2,150,000

223 Manning Ave, Toronto, Ontario M6J 2K8

5 beds
3 baths
5 days

A Fully Reimagined & Renovated Legal Duplex By A Professional Designer That Exudes Both Timeless. Sophistication And Functionality. Main Floor Offers Living & Dining Rm, Kitchen, Breakfast Area, Laundry & 2Pc Powder Rm. Second Floor W/ 3 Bedrooms & Full Washroom, Third Floor With Extra Bedroom

Residential Commercial Mix for sale: 1985 QUEEN ST E, Toronto

21 photos

$2,500,000

1985 Queen St E, Toronto, Ontario M4L 1J1

0 beds
3 baths
35 days

Looking for a great Investment Property in The Beaches? This is your Opportunity! Freestanding building with Store Front in main level & 2 large and modern Apartments (2 beds, 1 bath each) in upper level. Each Apartment features large eat-in kitchen with modern appliances, stone countertop,

Row / Townhouse for sale: #S139 -180 MILL ST, Toronto

15 photos

$1,319,900

#s139 -180 Mill St, Toronto, Ontario M5A 0V7

4 beds
3 baths
66 days

Attention Investors! Great Income! New Building! 3 Bedrooms + Den Townhouse By Canary & Distillery District, One of Toronto's Most Vibrant Neighbourhoods. Nearby Shops & Cafes. Open Concept Main Floor Living Space Flows Out To An Expansive 326 Sqft Private Terrace. Convenient 2nd Floor Den,

House for sale: 280 GRACE ST, Toronto

40 photos

$1,975,000

280 Grace St, Toronto, Ontario M6G 3A6

6 beds
3 baths
2 days

Fantastic LARGE Toronto Home in the Beautiful Palmerston/Little Italy Area Just Steps to Parks on Harbord and the Shops of College Street! This Versatile Property Can Be Used for a Single Family or Offers the Possibility to Live in and Enjoy Excellent Rental Income with Three Separate and

House for sale: 288 BOON AVE, Toronto

2 photos

$2,175,000

288 Boon Ave, Toronto, Ontario M6E 4A3

4 beds
5 baths
59 days

Corner Property At Rogers Road & Boon Ave. Great Investment With Good Rental Income. Work/Live Opportunity With Well Established Hot Table Business 20 Years+ On Main Facing Rogers Road With Separate Storage Unit, A Separate Entrance Facing Boon Ave Provides Access To 2nd Floor With 1 Bachelor

House for sale: 42 LOCKERBIE AVE, Toronto

31 photos

$1,600,000

42 Lockerbie Ave, Toronto, Ontario M9N 3A2

6 beds
3 baths
65 days

Welcome to 42 Lockerbie Ave. This exceptional home is ideally situated near 3 major highways, offering unparalleled convenience in commuting. This property features 3 fully reno'd, self-contained apartments, each w/its own distinct entrance, ensuring privacy for all residents. Brand new appliances

House for sale: 41 ST DUNSTAN DR, Toronto

38 photos

$1,150,000

41 St Dunstan Dr, Toronto, Ontario M1L 2V4

6 beds
2 baths
8 days

Prime Location with Tremendous Potential! It is easy to build up to five suites! New floor in the livingroom and dining area. freshly painted whole house (inside and outside). Open kitchen, spacious livingroom. Currently vacant on main floor. three bedrooms in the basement occupied by

House for sale: 141 GRACEFIELD AVE, Toronto

25 photos

$1,639,000

141 Gracefield Ave, Toronto, Ontario M6L 1L4

7 beds
7 baths
4 days

Must See, Custom Income Producing Property! 4 Completely Independent Apartments (Three 2 bed, 2 bath Apartments + One 1 bed, 1 bath Apartment), all with separate entrances, en-suite laundry, full Kitchen, and premium finishes. Completely custom, luxury renovations present throughout. Quartz

Row / Townhouse for sale: 83 SULLIVAN ST, Toronto

25 photos

$1,880,000

83 Sullivan St, Toronto, Ontario M5T 1C2

6 beds
5 baths
1 day

INVESTORS Attention! Rarely offered end unit townhouse, only steps away from Spadina & Dundas/Queen St! Recently renovated with 9.5ft ceiling , Hardwood throughout, offering a blend of Great Rental income or Self-Use Residence For Big Family Spacious 4 Ensuites on 2nd & 3rd floor * main floor

House for sale: 18 LOWRY SQ, Toronto

40 photos

$899,900

18 Lowry Sq, Toronto, Ontario M1B 1N6

5 beds
2 baths
9 days

INCOME POTENTIAL! Solid Bungalow three bedroom home on a deep lot in a quiet family area. Close to schools, parks, shops, 401, local transit and all amenities! Features of this home include spacious principal rooms & bedrooms, a large bright eat-in kitchen, a formal living & dining area with

550 DANFORTH RD, Toronto

27 photos

$3,599,000

550 Danforth Rd, Toronto, Ontario M1K 1C6

0 beds
3 baths
36 days

Explore The Unique Opportunity This Free-Standing, Mixed-Use Gem Presents, Built In 2003. The Ground Floor Awaits A Visionary Business, Featuring An Accessible Entrance And Washroom, Plus A Supplementary Washroom And Ample Dedicated Storage In The Basement, Ideal For Commercial Operations.

Triplex for sale: 24 GARTHDALE CRT, Toronto

7 photos

$1,249,000

24 Garthdale Crt, Toronto, Ontario M3H 5P8

5 beds
3 baths
12 days

Investors, This Triplex Is For You! Location is Perfect and Rental Income Potential Very Good. This Property Has 2-2Bdrm, 1-1Bdrm In The Basement. 3 Separate Entrances, 4 Parking Spaces. Close To Major Hi-Ways, TTC Transit, Schools, Shopping Malls, Hospitals. Property IS Sold AS IS. **** EXTRAS

House for sale: 257 OTONABEE AVE, Toronto

17 photos

$1,998,000

257 Otonabee Ave, Toronto, Ontario M2M 2S9

6 beds
4 baths
18 days

**Fabulous/Solid Raised-Bungalow In The Centre Of North York(Convenient Location To School,Park,Ttc & Park) & --Surrounded By Multi Million $$$ Custom-Homes**Well-Maintained/Recently Updated & Spacious/Super Natural Sunlits---Picturesque View(Overlooking Trees)**Open-Concept Lr/Dr & Kitchen--Family

House for sale: 26 GLEBEHOLME BLVD, Toronto

40 photos

$1,949,000

26 Glebeholme Blvd, Toronto, Ontario M4J 1S4

5 beds
6 baths
32 days

Absolutely Stunning home with one bedroom garden Suite, situated on very convenient location, few steps to donlands subway.The house has Received Complete Renovation W/Contemporary Scheme & Exquisite Attention To all Details.It includes 3+1 bedrooms, 6 bathrooms, finished basment and additional

Apartment for sale: #505 -3420 EGLINTON AVE E, Toronto

26 photos

$509,900

#505 -3420 Eglinton Ave E, Toronto, Ontario M1J 2H9

3 beds
2 baths
1 day

Location!! Location!! Attn First time home buyers or Savvy investors !! Huge Bright & Spacious 3 Bdrms With 2 Bath,1400+ sqft. W/Out To Huge Balcony With View Of The Lake, Very Quiet & Friendly Neighbors In The Building. Desirable location, strong rental demand, and an attractive price, this

House for sale: 137 DOVERCOURT RD, Toronto

40 photos

$2,299,000

137 Dovercourt Rd, Toronto, Ontario M6J 3C5

4 beds
5 baths
3 days

Welcome to this beautifully renovated 4+2 bedroom, 5 bathroom home nestled in the sought-after Givins Shaw school zone. Just two blocks away from renowned Bernhardts and Badiali, this property offers a culinary paradise at your doorstep. With soaring ceilings and nearly 2500sqft of living

House for sale: 12 ALDWINCKLE HTS, Toronto

40 photos

$1,299,000

12 Aldwinckle Hts, Toronto, Ontario M3J 3S6

11 beds
10 baths
47 days

LOCATION LOCATION LOCATION!! Calling all Investors or buyers looking to live & rent. *Rental Income* Rarely available Detached home w/2-car laneway garage (future potential to convert to garden suite). Located in York University Village steps to York University, Pioneer Village subway station,

House for sale: 126 ANTHONY RD, Toronto

21 photos

$1,250,000

126 Anthony Rd, Toronto, Ontario M3K 1B6

6 beds
2 baths
36 days

Renovate, Move Right In Or Build Your Dream Home. An Exceptionally Well Maintained 3-Bedroom Home Situated On An Oversized 52 X 115 Foot Lot. Live In The Highly Sought After Winston Park Neighbourhood. This Home Offers Endless Opportunities. Enjoy The Rental Income Of The Private Basement

House for sale: 141 CHRISTIE ST, Toronto

34 photos

$1,880,000

141 Christie St, Toronto, Ontario M6G 3B3

5 beds
6 baths
43 days

Rare, detached 3+2 bed, 6 bath house in prime Seaton Village. Beautiful and functionally designed, this home features an open-concept kitchen, main floor full bathroom, a family room with custom built-in cabinets, and 3 large bedrooms with their own bathroom. Sun-filled back room is perfect

House for sale: 154 FIFTH ST, Toronto

25 photos

$889,000

154 Fifth St, Toronto, Ontario M8V 2Z7

3 beds
2 baths
9 days

Welcome to this beautiful brick bungalow. Steps away from Toronto's waterfront with amazing parks, trails, excellent schools, access to public transit, endless shops on Lake Shore Blvd and a short drive to downtown Toronto. Approaching this beautiful home you cannot help but notice its expansive

House for sale: 393 SUMMERHILL AVE, Toronto

40 photos

$3,480,000

393 Summerhill Ave, Toronto, Ontario M4W 2E3

4 beds
4 baths
1 day

Discover the perfect blend of comfort, convenience, and lifestyle at this charming 4bed, 4bath, Fully Discover the perfect blend of comfort, convenience, and lifestyle at this charming 4bed, 4bath, Fully Renovated in 2015. Total over 3000sqft living space nestled in Rosedale-Moore Park .This

House for sale: 16 NEWINGTON CRES, Toronto

39 photos

$1,198,000

16 Newington Cres, Toronto, Ontario M9C 5B8

4 beds
3 baths
18 days

Nestled Beside Centennial Park, This Beautiful House Offers An Ideal Locale For Families, Sans Sidewalk. Fully Upgraded, Freshly Painted Throughout; Featuring Fresh Laminated Main Flooring With New Pot Lights And Gleaming New Hardwood Stairs. The Kitchen Showcases New Quartz Countertops, Quartz

Row / Townhouse for sale: 348 WELLESLEY ST E, Toronto

40 photos

$1,525,000

348 Wellesley St E, Toronto, Ontario M4X 1H3

4 beds
2 baths
1 day

Presenting a Remodelled Victorian Beauty, with over 2200 of finished space on 4 levels, and offering excellent value & a rare opportunity in this Historic, protected & safe downtown Toronto community. Maximize your lifestyle & investment with all the Pluses this property offers: 1) 2 car

House for sale: 17 ROBSON PL, Toronto

22 photos

$1,699,000

17 Robson Pl, Toronto, Ontario M2R 2Y3

5 beds
2 baths
80 days

1/3 Acre Lot! Huge 62Ft Frontage at Front of House, Widening To 107Ft At the Rear and Depth To 200+ Feet. Renovated From the Roof Down To The Basement Inside And Outside In 2018. To Many Upgrades To Mention. Turn Key Home With A Huge Backyard For Your Family To Enjoy For The Years To Come.

House for sale: 37 MILLCAR DR, Toronto

40 photos

$1,288,888

37 Millcar Dr, Toronto, Ontario M1B 6J6

6 beds
4 baths
12 days

Discover elegance with this stunning, fully renovated detached corner home. Boasting a double driveway and double-door entry, this brick and stone beauty features a brand-new solid wood kitchen with quartz countertops and backsplash. Enjoy quartz in the bathrooms, custom window coverings,

House for sale: 24 NANABERRY ST, Toronto

8 photos

$1,599,999

24 Nanaberry St, Toronto, Ontario M1X 1Y5

5 beds
4 baths
101 days

Perfectly located 4+1 bedroom home with 4 bathrooms, two kitchens, and a 2-car garage in the sought-after Rouge community. Ideal for families with public schools and recreation centres nearby. Includes a finished basement apartment for potential rental income (2022 updates: quartz countertops

House for sale: 70 ATLEE AVE, Toronto

33 photos

$1,295,000

70 Atlee Ave, Toronto, Ontario M1N 3X2

4 beds
2 baths
8 days

Beautifully upgraded Sun Filled 2+2 Bedroom fully renovated home, All new appliances with Large windows on the main floor. In BIRCHCLIFFE/CLIFFSIDE; one of the Best family Oriented, desirable neighbourhoods in Scarborough. This Solid Brick Home with Modern Curb Appeal Has Huge Potential. Whether

Rental Income in Toronto

Are you interested in earning income from renting property that you own or have use of? Look no further than Toronto, where the rental market is thriving. According to recent statistics, the average rent for a one-bedroom apartment in Toronto is $1,811, while a two-bedroom apartment averages at $2,392. With such high demand for rental properties, investing in a rental income property in Toronto can be a lucrative opportunity.

Maximizing Your Rental Income

When it comes to rental income, it's important to focus on the long-term gains. While rental income can provide a steady stream of cash flow, it's important to consider the expenses that come with owning a rental property. These expenses can include property maintenance, repairs, and property management fees. However, with careful planning and management, you can maximize your rental income and see a return on your investment.

Toronto's Rental Income Property Market

As one of Canada's largest cities, Toronto's rental property market is constantly growing. With a population of over 2.7 million people, there is a high demand for rental properties in the city. Additionally, Toronto's rental income property market is attractive to investors due to the city's high average household income. In fact, the highest personal income tax bracket in Canada is 30 per cent of a household's monthly adjusted family net income (AFNI), which is $11.50 for every $100 of AFNI over $220,000. With an average household income of $81.0 thousand, Toronto's rental market is a great opportunity for those looking to invest in rental properties.

Whether you're looking to rent out a property or invest in a rental income property, Toronto's rental market has plenty of opportunities to offer. With high demand and a growing market, Toronto's rental property market is a great place to start earning rental income.