Real Estate Income Statement Template

Enter your closed deals in the Transaction Log as they happen. Each row captures the closing date, sale price, commission rate, and broker split, and the sheet calculates your net commission automatically. At month end, the monthly income statement pulls from the log, so your revenue figures are always current without manual entry. Fill in operating expenses once a month — log your MLS renewal, CRM subscription, advertising spend, and any other costs as they hit your account. The whole monthly update takes about 20 minutes.

A proper real estate income statement separates costs into two layers. The first is direct costs — your broker split and any referral fees you've paid out. These come off the top of every deal and determine your net commission income before you've spent a dollar on running your business. The second layer is operating expenses — the recurring costs that don't change deal to deal: MLS and board dues, E&O insurance, CRM and transaction management software, marketing and advertising, vehicle expenses, and continuing education. Understanding both layers lets you set a realistic GCI target for the year, knowing exactly how much it costs to operate before you see any profit.