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Rental Yield & Property ROI Calculator (Excel) — before you buy

Buying to let — especially from abroad — is where a good-looking price hides a bad return. This free calculator sizes the deal properly: it takes the purchase price, buying costs, the loan and the rent (after vacancy and management), and returns gross yield, net yield, cap rate, the monthly mortgage and the number that actually matters, cash-on-cash return. Three properties sit side by side so you compare, not guess.

Download free — Excel (.xlsx) ↓Opens in Excel or Google Sheets · no sign-up

What's inside

  • Gross yield, net yield and cap rate
  • Real monthly mortgage via PMT; annual debt service
  • Cash-on-cash return on actual cash invested
  • Vacancy and management allowances built in
  • Compare three properties at once; negative cash flow flagged red
  • Free · works in Excel or Google Sheets, on a laptop or phone

The tabs

  • Start Here (guide + colour legend)
  • Calculator (three properties, side by side)

Yellow cells only. You type in the yellow cells; the rest are locked formulas. Gridlines are off and it prints clean on A4.

You fill only the yellow cells for each property. The workbook computes effective rent after vacancy, annual operating costs, net operating income, and a real monthly mortgage with a PMT formula — then the yields, the annual cash flow and the cash-on-cash return on the actual cash you put in (deposit plus buying costs).

A negative annual cash flow turns red, so a property that eats money every month can't hide behind a headline yield. It's the sanity-check a remote or first-time landlord needs before wiring a deposit.

Do it online instead

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Frequently asked questions

What's the difference between gross and net yield?

Gross yield is annual rent ÷ purchase price — quick but flattering. Net yield is net operating income (rent after vacancy and running costs) ÷ total cost including buying fees — the honest number. This tool shows both, plus cap rate and cash-on-cash.

What is cash-on-cash return?

It's your annual cash flow (rent minus costs minus mortgage) divided by the actual cash you put in — deposit plus buying costs. It tells you what your real money is earning, which yield alone doesn't.

Is it really free?

Yes, this one is free to download. Open it in Excel or Google Sheets — no macros, no subscription.