Rental Yield Calculator Nigeria
Calculate gross and net yield on an investment property to see if the numbers stack up.
Property Details
Annual rental income: ₦2,400,000
Management fees, repairs, insurance, service charge
Yield Summary
Gross Rental Yield
9.60%
Income vs Costs
A ₦25,000,000 property renting at ₦200,000 a month yields 9.6% a year
Strong yield for Nigeria
Rental Yield FAQs — Nigeria
What is a good rental yield in Nigeria?
A gross rental yield of 6-10% is generally considered good in Nigerian cities. High-demand areas of Lagos (Lekki, Victoria Island, Ikoyi) often yield 5-8% gross, while emerging areas can yield 8-12%. Net yields after expenses are typically 2-5% lower.
What expenses should I include when calculating net rental yield?
Include: property management fees (5-10% of rent), maintenance and repairs, insurance, service charges, ground rent, void periods (budget for 1-2 months of vacancy per year), and any letting agent fees.
How does rental yield in Lagos compare to other Nigerian cities?
Lagos prime areas (VI, Ikoyi, Lekki) tend to have lower yields (5-7%) because property prices are very high relative to rent. Abuja and emerging Lagos suburbs (Ajah, Sangotedo) can offer higher yields (8-12%) due to lower entry prices.
Should I invest for rental yield or capital appreciation in Nigeria?
Both matter. High-yield properties in secondary locations offer better cash flow but may appreciate more slowly. Prime Lagos and Abuja properties often offer lower yields but stronger long-term capital growth. Consider your investment horizon and need for income.
Popular Calculators
Free property calculators for buyers, renters, and investors in Nigeria.
Mortgage Calculator Nigeria
Work out your monthly mortgage repayments and total loan cost.
Rent Affordability Calculator Nigeria
See how much rent you can comfortably afford on your income.
Stamp Duty Calculator Nigeria
Estimate stamp duty and all fees when buying property in Nigeria.
Rent vs Buy Calculator Nigeria
Compare renting vs buying over time and find your break-even point.
Property Deposit Savings Calculator Nigeria
Find out how long it takes to save your home deposit.
Estate Agent Commission Calculator Nigeria
Break down agent fees and total costs for any property transaction.
Property Investment ROI Calculator Nigeria
Calculate total ROI on a rental property investment including appreciation.
Property Renovation Cost Estimator Nigeria
Get a cost estimate for renovating or refurbishing a property.
Looking for a property in Nigeria?
Browse thousands of verified listings — buy, rent, or invest with confidence.