Does this rental pay its way?

What you would pay for the property. Yield is rent divided by this figure.

Cash you put in. The loan is the purchase price minus this deposit.

The rate on the new loan. Interest-only uses this rate on the loan. Principal and interest uses it in a standard amortising repayment.

Years the principal-and-interest loan is repaid over. Interest-only still shows this term, and the interest is simply the rate times the loan.

Principal and interest pays the loan down. Interest-only pays the rate on the loan and leaves the principal as it is. Both figures are before tax.

Optional. Starts from Tenancy Services rental bond medians for that place. Pick a match, or leave it blank and type a weekly rent yourself.

House, apartment, flat, or room, matching the Tenancy Services bond tables. All uses every dwelling type for that place.

The bedroom count in the bond tables. 5+ groups larger places. All uses every bedroom count for that place.

What a tenant would pay each week. Vacancy weeks below take empty weeks off that income.

Empty weeks in a year. Two weeks is a short turnaround. Those weeks earn nothing.

Council rates for the year.

Landlord insurance for the year.

Body corporate levies for the year. Leave at zero for a standalone house.

Choose a percent of the purchase price, or a dollar amount for the year. One percent of the price is a common rule of thumb.

The share of collected rent paid to a property manager. Zero if you manage it yourself.

Weeks of rent charged to place a tenant. One week is common. This is spread across the year in this model.

Anything else for the year: accountancy, lawns, a bit of power, and similar.

Assumed rise in the property's value each year. Four percent is a calm long-run starting point. Past growth is no guide to what happens next.

Assumed rise in weekly rent each year. Three percent is a mild, inflation-like lift.

Assumed rise in rates, insurance, maintenance, and other running costs each year.

How many years you keep the property in this picture, from 1 to 30.

Agent fee plus legal costs if you sold, as a share of the sale price. Three percent is a common round figure. Optional: set it to zero to ignore selling costs.