Rental yield calculator
Gross rental yield is twelve months of rent divided by the price you pay, as a percentage. Net yield starts from the same rent and takes out what the year actually costs — maintenance, tax, repairs, the letting fee, the weeks it sits empty. Enter your own figures below and both are worked out in front of you.
| Rent for twelve months | — |
|---|---|
| Less the weeks it sits empty | — |
| Rent actually collected | — |
| Less what the year costs | — |
| Income left over | — |
| Which is, per month | — |
Nothing you type here is sent anywhere or stored. The arithmetic runs in your own browser, this page makes no requests, and you do not need an account to use it.
We will not grade the number. There is no benchmark on this page and no good-or-bad verdict, because a yield is only meaningful against your own alternatives — what the money would earn elsewhere, what the financing costs, how long you intend to hold. A high yield often arrives attached to a shorter lease or a weaker location, so the figure on its own does not tell you whether a purchase is a good one. What we will do is tell you how the asking price reads against the record, which is a different question and an answerable one.
A yield tells you what the property earns. It does not tell you whether the price is right. That is the other half of the decision, and the one we measure: name the property and the price you are weighing, and the check reports how that price reads against what has actually sold, with the comparable sales shown.
Free — sign in and the rating is on the screen. The size comes from the property’s own transacted record, so a typo cannot hand you a confident wrong answer. Want the longer form, with floor, size and the stamp duty? Open the price check. Holding a listing link instead? Paste it here. Not a valuation — a reading of a price against the evidence.
The arithmetic, in full
Gross yield is one division and it hides nothing:
- Gross yield = monthly rent × 12 ÷ purchase price.
- Net yield = (rent collected over the year − the year's costs) ÷ purchase price. "Collected" matters: a place empty for two weeks earns fifty weeks of rent, not fifty-two.
Both divide by the price, not by the cash you put in. That is deliberate and it is the convention: yield describes the property, so it stays the same whether you paid cash or borrowed most of it. Return on your own money after interest is a different quantity, it moves with rates, and this page does not report it.
The costs people forget
The gap between a gross and a net figure is usually wider than people expect, and almost all of it sits in five lines:
- Maintenance. The monthly contribution to the management corporation for a condominium, or the conservancy charge for a flat.
- Property tax. Residential property that you do not live in is taxed at higher progressive rates than an owner-occupied home, on the annual value the authorities assess — not on the rent you happen to charge. Your own assessment is the figure to use here; the rates and the annual value are IRAS's, not ours.
- The letting fee. An agent's commission for finding a tenant, conventionally quoted in months of rent and therefore recurring every time the lease turns over.
- Vacancy. The weeks between one tenant leaving and the next arriving. Two weeks is roughly 4% of a year's rent gone before any other cost.
- Repairs and insurance. Small in a good year, and not small in the year the air-conditioning fails.
None of these are our numbers to supply — they are specific to your property and your lease, which is why every one of them is a field you fill in rather than an assumption we make for you.
A worked example
Riverbend Court, #11-08, 1,050 sq ft — a fictional example, used across this site so the arithmetic can be followed without pointing at anyone's home.
Bought at S$1,600,000 and let at S$4,200 a month, the year's rent is S$50,400, so the gross yield is 3.15%. Now take the year as it is actually lived: maintenance at S$350 a month, property tax of S$4,000, S$1,500 of insurance and repairs, half a month of rent to the agent, and two weeks empty between tenants. The rent collected falls to S$48,462 and the costs come to S$11,800, leaving S$36,662 — a net yield of 2.29%, and about S$3,055 a month.
The two figures are a third apart. That gap is the whole reason to fill the second half of the form.
If you don't know the rent or the price
Both are on the public record, and our project pages publish them. A condominium page carries the median rent per square foot per month from tenancy contracts lodged with the Urban Redevelopment Authority, with the middle half of leases and the number of contracts behind it, alongside the median price per square foot from lodged caveats and a decade of that project's own sales. Where a project has enough of both, the page prints the gross yield those two figures give — the same division as above, on the project's own evidence rather than an estimate.
Browse them from condos by district and MRT, or read what the record says rents actually do in condo rental rates in Singapore. For flats, the HDB resale blocks carry published rents by flat type.
Common questions
How do you calculate rental yield?
Twelve months of rent divided by the price paid, as a percentage. A flat renting at S$4,200 a month bought for S$1,600,000 collects S$50,400 a year, which is 3.15% of the price. Net yield starts from the same rent, subtracts the year's costs, and divides what is left by the same price.
What is the difference between gross and net rental yield?
Gross ignores every cost; net subtracts them. The five that matter are maintenance, property tax at the non-owner-occupied rate, the letting fee, vacancy and repairs. The gap between the two figures belongs to the property, not to the market.
What is a good rental yield in Singapore?
We do not publish a figure to compare yours against, and we will not grade the number this page returns. It is only meaningful against your own alternatives, and a high yield often carries a shorter lease or a weaker location with it.
Does rental yield include the mortgage?
No. Yield measures the property against its price, so it is blind to how the purchase was financed. Return on your own cash after interest is a different quantity and moves with rates.
Is rental yield the same as return?
No. Yield is the income a property produces in a year. Total return also includes what happens to the price of the property itself, which nothing can tell you in advance.
Rental figures on project pages: residential tenancy contracts lodged with and published by the Urban Redevelopment Authority, as aggregates — medians, percentiles and counts. Sale figures: caveats lodged with URA, and HDB's published resale transactions for flats. This calculator performs arithmetic on figures you supply; it is not advice, not a forecast, and not a valuation. A PriceVero rating is not prepared by a licensed valuer.