Yield for residential property investment
I'm starting to think about buying a property to let, given some sharp falls in property near where I live. Been quite a while since I last did it.
Assuming I can fund an investment at 5% (mortgage and savings). I am assuming rent rises with inflation and I can expect capital growth to compensate for the risk etc. But how much extra yield do I need to factor in for other factors i.e. expenses etc. Is there a rule of thumb for the yield to expect?Report