Rental Yield Calculator
The rental yield calculator allows you to work out the gross and net rental yields on any individual property or the entire portfolio of your lettings business.
Why Calculate Your Rental Yield?
If you manage residential properties or units, like a single-family or multi-family property, or an apartment, townhouse, or duplex, you need a software to keep track of everything. Hoozzee allows your tenants to electronically sign their lease agreement, pay rent online, manage their incidents all with the power of one-stop-shop Hoozzee.
Who can use The Rental Yield Calculator?
The rental yield calculator is best for anyone wanting to calculate rental yield on a property they already own or one they intend to buy. It is especially useful for:
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Buy to let landlords
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New landlords
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Letting agents
The Simplest Way to Calculate Rental Yield
Undoubtedly, the simplest method to calculate rental yield is by having an accountant do it for you. However, since not everyone has the luxury of ample time and money, the next best option is to use an accounting software to handle it for you.
Hoozzee software offers robust accounting features that help you manage your finances effortlessly throughout the year. With Hoozzee, you can quickly fill out our calculator and be well-prepared for tax season, eliminating the usual stress and anxiety.
How to Use The Rental Yield Calculator
If your properties are in the UK and you need to calculate rental yield in UK currency, this calculator is perfect for you. For those using other currencies, scroll down for instructions on calculating rental yield manually.
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Choose Your Basis for Calculation
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Decide if you want to calculate the rental yield based on the property's purchase cost or its current value. Select the appropriate option in the drop-down menu of the calculator.
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Enter Property Value or Purchase Cost
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For calculations based on current property value, simply enter the value into the provided field.
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For calculations based on the purchase cost, you can either enter the total cost directly or use the plus button to add specific expenses such as stamp duty, mortgage fees, and refurbishment costs.
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Input Monthly Rent
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Enter the monthly rent amount received from your tenant.
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Include Annual Costs
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If you know your total annual costs, enter this amount. If not, use the plus button to add individual costs such as council tax, insurance, ground rent, etc.
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Calculate Rental Yield
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After entering all the necessary information, click the large orange calculate button to see your rental yield percentage.
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