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Haha! I never thought of the 52.14 weeks thing. :D Another really, really simple thing I like to do that is equivalent to calculating gross return is just to look at the multiplier between the purchase price (in $k) and rent (in $ pw). I like to aim for a multiplier of about 1.5 ie. buy a...

I prefer not to assume 52 weeks occupancy...... try 48 or 50 as delays can often happen with getting a tenant in.