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How to work out % yield on a rental property
Sammy_Dee
Posts: 87 Forumite
Anyone know how to do this?
The house, all in, inc fees etc etc etc was £82k
The rental charged is £540 per month
no mortgage.
thanks!
The house, all in, inc fees etc etc etc was £82k
The rental charged is £540 per month
no mortgage.
thanks!
0
Comments
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7.9% gross???0
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£540 x 12 =£6480 / £82000 = 7.9%Starting again and working towards our new df life!A very proud forces wife0
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Do you take off gas check, landlord insurance, cost of tenancy agreement, credit checks on tenant etc?0
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And maintenance, insurance, voids, bad debts, cost of management, agents' fees for finding tenants .... Say 4-5% net before mortgage payments.No reliance should be placed on the above! Absolutely none, do you hear?0
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No mortgage. Then the net profit will be added to your other gross income and you will be subject to income tax at the appropriate rate.0
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