"Has 3 bedrooms - rent it fully furnished to students. 3 rooms = 3 students for $100 each. Therefore rent return p/a = $15600, allow for 10% vacancy rate (unlikely all rooms will be vacant at any one time). Therefore return is $14040.
Return rate = 14040/139000 = 10%"
And your own example doesn't mention utilities or other tenant expenses.
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