vuokratuotto

Vuokratuotto, or rental yield, is a measure used to evaluate the profitability of a rental property. It expresses the annual return generated by rental income relative to the property's value or purchase price. Investors use vuokratuotto to compare different properties and to assess the attractiveness of an investment.

Calculation methods include:

- Gross vuokratuotto: annual gross rent divided by the property price, times 100.

- Netto vuokratuotto: (annual rent minus operating expenses such as maintenance, management, insurance, property tax, and vacancy losses) divided by the property price, times 100. Netto yield can also be considered with or without financing costs, depending on whether the focus is on cash flow or on property performance.

Several factors influence vuokratuotto. Local rental demand, vacancy rates, property condition, age, and location affect rent levels and occupancy. Financing terms, such as interest rates and loan-to-value, alter cash flow, while ongoing maintenance costs and property taxes affect net income. Tax treatment and allowable deductions for expenses can also influence the net result.

Tax treatment varies by country and jurisdiction. In many systems, rental income is taxed, while related expenses—such as maintenance, insurance, property management, and, in some cases, mortgage interest—can be deducted or depreciated to reduce taxable income. Investors should consider these rules when estimating net returns.

Limitations include the exclusion of capital appreciation or depreciation in simple yield calculations, the assumption of stable rents, and the impact of vacancies. Vuokratuotto provides a useful snapshot of profitability but does not capture overall risk or long-term wealth creation.