Calculate rental yield, cash flow, and return on investment for your rental property. Analyze gross yield, net yield, and overall investment performance.
A good rental yield depends on location and market conditions. Generally, 6-8% is considered good, while 8%+ is excellent. However, properties in high-growth areas may have lower yields but higher capital appreciation potential.
It depends on your investment strategy. High-yield properties provide immediate cash flow, while high-growth areas offer long-term capital appreciation. Many investors prefer a balanced approach with moderate yields and growth potential.
You can improve yield by increasing rent (through renovations or market improvements), reducing expenses (better property management, maintenance), or purchasing at a lower price. Always ensure rent increases are market-justified.
Include all ongoing costs: property management, insurance, maintenance, council rates, strata fees, vacancy allowance, and any other regular expenses. Don't forget one-time costs like legal fees and stamp duty in your purchase costs.