Rental income is an important part of owning an investment property, but it’s only one piece of the overall investment picture. Reviewing your rental return regularly can help you understand how your property is performing and where a change in rent may affect the numbers.
Our Yield Calculator gives New Plymouth property investors a simple way to estimate the gross rental yield of an investment property. Enter a few key details to see the annual rental income as a percentage of the property’s purchase price or current value.
The calculator can be useful if you already own a rental property, are considering buying an investment, or want to review the rental return of an existing property.
Rental yield provides a simple percentage-based measure of the income a property generates in relation to its value or purchase price.
It can be useful when comparing investment properties, reviewing rental performance or considering whether your current rent reflects the local market.
Yield is not the only measure of a property’s performance. Other costs and financial factors can affect the overall return of an investment property, including rates, insurance, maintenance, mortgage interest and property management costs. The Ray White Investment Information Guide also highlights the range of financial considerations landlords need to take into account when assessing the performance of a rental property.
Enter your property details below to estimate the gross rental yield.
The result is a general guide only. It does not account for property expenses such as rates, insurance, maintenance, mortgage repayments, property management fees, vacancies or other costs associated with owning a rental property.
For a clearer picture of your property’s current rental position, a professional rental appraisal can provide a useful comparison against similar rental properties and current tenant demand in the New Plymouth market.
If you’re unsure whether your current rent reflects the market or you’re considering purchasing an investment property in New Plymouth, Ray White New Plymouth can help.
Get in touch with our property management team for a rental appraisal and discuss your property’s rental potential with a local property manager.
These results are estimates only and do not include lending costs, tax treatment, depreciation, vacancy risk beyond the allowance entered, or changes in market rent.