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Rental Yield Calculator

Calculate gross yield, net yield (cap rate), and cash-on-cash return for a rental property. Includes monthly cash flow and time to recoup.

Rental Yield Calculator — Three different yield metrics tell you different things about a rental property. Gross yield is the simplest: annual rent divided by purchase price, ignoring all costs. Useful for quick screening. Net yield (a.k.a. cap rate, capitalisation rate) subtracts operating expenses but not financing: (annual rent - expenses) / price. The standard metric for comparing different properties in the same market. Cash-on-cash return accounts for financing: (annual rent - expenses - mortgage) / cash invested. The metric that tells you what you are actually earning on the cash you put in.

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What is rental yield calculator?

Three different yield metrics tell you different things about a rental property. Gross yield is the simplest: annual rent divided by purchase price, ignoring all costs. Useful for quick screening. Net yield (a.k.a. cap rate, capitalisation rate) subtracts operating expenses but not financing: (annual rent - expenses) / price. The standard metric for comparing different properties in the same market. Cash-on-cash return accounts for financing: (annual rent - expenses - mortgage) / cash invested. The metric that tells you what you are actually earning on the cash you put in.

The tool computes all three plus monthly cash flow and an estimate of how long it takes to recoup your cash investment at the current return rate.

How to use it

  1. Enter the purchase price

    Total cost of the property, not just your down payment.

  2. Enter expected monthly rent

    What you can realistically charge. Look at comparable units in the same area.

  3. Enter annual expenses

    Property tax, insurance, maintenance, management fees, vacancy reserve (typical: 5-10% of rent).

  4. Enter your cash invested and mortgage

    Cash invested is your down payment + closing costs. Mortgage is the annual P&I payment (use the loan-amortization-calculator to find this).

Examples

$350k property, $2,500/mo rent, $5k expenses, $80k down, $18k/yr mortgage

A typical single-family rental scenario.

Result: Gross: 8.57% · Net (cap rate): 7.14% · Cash-on-cash: 6.75% · Monthly cash flow: $250 · Recoup: ~14.8 years

$200k condo, $1,800/mo rent, $4k expenses, $40k down, $11k/yr mortgage

A higher-leverage scenario.

Result: Gross: 10.80% · Net: 8.40% · Cash-on-cash: 7.20% · Monthly cash flow: $483 · Recoup: ~13.9 years

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Last reviewed: 2026-08-23