Free calculator
Gross yield and cap rate in under a minute
A first quantitative reading. For a full analysis with scenarios, stress test and alerts, use Ratio Property Plan.
Deal data
Results
Gross yield
5,70 %
Cap rate
4,80 %
Annual NOI
9600 €
Gross payback
17.5 years
Indicative calculation, no financing.
Reference
Market benchmarks
< 4%
Low return — common in pressured cities.
4 – 6%
Standard range for Spanish residential market.
> 6%
Above the usual range; worth validating costs, area and assumptions.
What gross yield won't tell you
One number rarely settles a deal
Gross yield is a useful first filter, but it ignores six variables that can completely change how a deal reads.
Real operating costs
Tax, fees, insurance and maintenance can shave 0.5–1.5 pts when moving to NOI.
Vacancy and turnover
One vacant month per year is ~8 % of annual rent. Invisible in gross yield.
Cost of financing
A mortgage changes the profile: leveraged cash flow and ROE don't show in gross yield.
Tax regime
Primary residence, short-term let or LAU rental have very different tax treatment.
Area and SERPAVI cap
In pressured areas, the proposed rent may not be legally applicable.
Appreciation and exit
Total return also depends on future sale price, not just rent.
Get the monthly analysis
Quantitative newsletter on areas, returns and wealth decisions
One email per month, data not opinion. No promotions, no affiliates, no commercial tracking. One-click unsubscribe.