Rental yield calculator

Please note that we have added a minimum of $8000 estimated annual expenses in this calculation. The expenses for your rental can include:

• The cost of insuring your rental property
• The rates for the property
• Payments to agents who collect rent, maintain your rental, or find tenants for you
• Fees paid to an accountant for managing accounts, preparing tax returns and advice
• Repair and maintenance costs
• Fees for arranging a mortgage to finance the rental property
• Fees for drawing up a tenancy agreement
• The cost of getting a valuation required to get a mortgage, but not insurance valuations
• The costs of taking legal action to recover unpaid rent
• The costs for evicting a tenant
• Depreciation on capital expenses
• Travel expenses for travelling to inspect your property or to do repairs
• Legal fees involved in buying a rental property, as long as the expense is $10,000 or less.