How do I calculate rental yield for my property?
An example of an AI chatbot conversation about calculating rental yield for properties.
How do I calculate rental yield for my property?
To calculate rental yield, divide your annual rental income by the property's value and multiply by 100.
Can you give me an example with numbers?
Sure! If your property is worth $300,000 and you earn $24,000 in rent annually, the yield is (24000/300000) * 100 = 8%.
What factors can affect rental yield?
Factors include location, property condition, market demand, and local rental rates.
Is a higher rental yield always better?
Not necessarily. A higher yield might indicate higher risk or lower property quality, so consider all factors.
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