Canadian Rental Yield Calculator
Calculate gross yield, net yield (cap rate), and monthly cash flow for Canadian investment properties. Includes condo fees, property tax, and mortgage payments in CAD.
How to Use the Canadian Rental Yield Calculator
Enter the Property Value and Monthly Rent, then adjust expenses to match your target property. The calculator computes gross yield, net yield (cap rate), and monthly cash flow — the most important metrics for Canadian real estate investing.
For condominiums, be sure to include monthly condo fees. For freehold properties, include a realistic maintenance budget (1–2% of property value annually).
Key Formulas
Effective Rent = Annual Rent × (1 - Vacancy Rate)
Annual Expenses = Tax + Condo Fees + Insurance + Maintenance + Management
Net Operating Income (NOI) = Effective Rent - Expenses
Net Yield / Cap Rate = NOI / Property Value × 100
Monthly Cash Flow = (NOI - Annual Mortgage) / 12
Cash-on-Cash Return = (NOI - Annual Mortgage) / Down Payment × 100
Example: Toronto Condo Investment
1-Bedroom in North York
| Purchase Price | $680,000 |
| Monthly Rent | $2,700 |
| Gross Yield | 4.76% |
| Property Tax (annual) | $4,800 |
| Condo Fees (monthly) | $650 |
| Insurance | $1,500/yr |
| Maintenance (1%) | $6,800/yr |
| Management (0% self-managed) | $0 |
| Net Operating Income | $10,700/yr |
| Net Yield | 1.57% |
| Mortgage (20% down, 5.09%, 25yr) | $3,131/mo |
| Monthly Cash Flow | -$2,240 |
Toronto condos typically generate negative cash flow at current prices and rates. Many investors rely on long-term appreciation rather than yield. Investors looking for cash flow typically look to smaller cities like Hamilton, London, or Windsor, ON.