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Rental Yield

The annual rental income from a property expressed as a percentage of its value.

Definition

Rental yield is a simple metric that shows how much rental income a property produces relative to its market value. It can be calculated as gross yield (using total rent) or net yield (after expenses). Rental yield helps investors quickly compare properties and is especially common in international markets like the UK and Australia.

Formula

Gross Rental Yield = (Annual Rent ÷ Property Value) × 100

Gross rental yield equals annual rent divided by property value, expressed as a percentage. Net yield subtracts operating expenses first.

Example

A property worth $250,000 generates $18,000 in annual rent. Gross rental yield = ($18,000 ÷ $250,000) × 100 = 7.2%. After deducting $4,000 in annual expenses, the net rental yield is ($14,000 ÷ $250,000) × 100 = 5.6%.

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