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Where is that calculator?
So you could roughly assume for every 12 months you get ~9 months of rent as income? That's not chump change - it'd buy at least a week's beer. :)
I guess I'd need to speak to an accountant to see if the extra income messed with my tax or whatever.
hippy-
https://www.landlordvision.co.uk/rental-yield-calculator.html
It's just me playing around with numbers.
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It will mess with your tax now and it will mess with your tax later (when you sell).
sohi
Howard
I am not sure how good this calculator is but that doesn't look too bad, I would probably be
in another country if I would be renting out so not sure about the income tax situation.