[header] How to work out yield on rental property [title] Calculate the total income for the year from that rental property. [step] This is usually the total rent payments, but may also include application fees, payments for repairs or improvements, and any portions you kept from a security deposit. [substeps] Example: for 4 months of the year, your property has a tenant paying $1 , 400 per month. 
It is vacant for 2 months, then your rent it out for the remainder of the year at $1 , 500 monthly. Your total rental income is $14 , 600.