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Dont get too hang up on what to include. Yield is purely a calculation for a 'quick' comparison of 2 or more IP's. Gross yield is the quickest less complicated method. Annual Rent/Purchase Price x 100. Then if/when the time comes to go more depth into working out an IP's...

Gross Yield = Annual Rent/Purchase Price x 100. To me, its a choice depending upon current financial position based around personal risk profile. Early on in our investment journey we had minimal disposable income to put towards IP holding costs, so we tried to maximise our rental yield a...