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Updated: April 2026

Property Yield Calculator 2026: calculate your rental yield for free

Calculate your property's gross and net rental yield, cash flow and return on equity — AI-powered, transparent, instant. For property investors and landlords in Italy

GDPR compliantServers in EuropeInstant result
Calcolatore di Rendimento ImmobiliareCalcolo Istantaneo
EUR
€/mese
Canone mensile netto (senza spese condominio)
%
Notaio, agenzia, imposta di registro
€/mese
Amministrazione, manutenzione, assicurazione
EUR
Il vostro capitale investito incl. costi di acquisizione

No registration required · GDPR compliant · Instant result

Calculation

How is a property's yield calculated?

Property yield measures how much return an investment generates relative to the capital employed. Three metrics are particularly relevant for landlords and property investors:

Gross rental yield
(Annual net rent÷Purchase price)×100=Gross rental yield %
Example: (€14,400 ÷ €300,000) × 100 = 4.80%
Net rental yield
(Annual rent − costs)÷(Purchase price + purchase costs)×100=Net rental yield %
Example: (€14,400 − €2,400) ÷ (€300,000 + €30,000) × 100 = 3.64%
Return on equity
(Annual income − interest costs)÷Equity×100=Return on equity %
Example: (€12,000 − €4,800) ÷ €60,000 × 100 = 12.00%
Gross rental yield

The gross rental yield compares the annual net rent to the purchase price — without taking purchase costs or operating costs into account. It serves as a first rough estimate.

Formula: (annual net rent ÷ purchase price) × 100

Net rental yield

The net rental yield takes all purchase costs and operating costs into account. It gives a more realistic picture and should be your primary decision basis.

Formula: ((annual net rent − operating costs) ÷ (purchase price + purchase costs)) × 100

Return on equity

The return on equity shows the return on the capital you have actually invested. With a positive leverage effect it rises as more debt financing is used.

Formula: (annual cash flow ÷ equity) × 100

Key Figures

Gross vs. net rental yield: what's the difference?

The gross rental yield serves as a first rough estimate — it is quick to calculate but ignores both purchase costs and operating costs. For a sound investment decision, the net rental yield is what counts.

Caution: Property listings almost always quote the gross yield — without purchase and operating costs a property looks considerably more attractive. Always use the net rental yield when comparing properties.

Market Benchmarks

What is a good property yield in 2026?

There is no one-size-fits-all answer — yield expectations depend on location, property type and risk profile. As a guide for the Italian property market in 2025/2026:

Prime cities · Milan · Rome · Florence
2.5 – 3.5%
Net rental yield. Low vacancy risk, high appreciation potential. Purchase prices are high — yield compression is typical of major cities.
Secondary cities · Bologna · Turin · Padua
3.5 – 5.0%
Net rental yield. Balanced risk-return profile. Currently the most attractive market for yield investors.
Peripheral locations · outskirts · structurally weaker areas
5.0 – 7.0%
Net rental yield. Higher yield, but higher vacancy risk and limited appreciation potential.
Hinweis: Rule of thumb for 2026: a net rental yield above 3.0% is considered attractive for new-build apartments, above 4.5% for existing stock. Always factor in the full financing costs — a positive yield only pays off if it exceeds your loan interest rate (positive leverage effect).