Tools · For owners
Penang Rental Yield Calculator
Enter the price and the rent, get the gross and net yield — the number every owner and investor actually decides on. Net yield takes off maintenance, assessment, quit rent and an allowance for empty months, so it is the honest figure, not the flattering one.
Gross yield
3.75%
Net yield
2.71%
Net yield is the honest figure: rent left after maintenance, assessment, quit rent and an allowance for empty months.
Gross yield ignores your running costs — it always looks higher than what you keep.
For context, Penang condos typically run 3–5% gross. Yours is 3.75% gross — above that band usually means a keen price or a strong rent; below it, a premium building where you are paying for the address, not the income.
Disclaimer. This is a calculator, not a valuation or a guarantee. It uses the figures you enter and excludes income tax (which depends on your residency) and loan interest (a financing choice, not a yield of the asset). Confirm your own numbers before relying on them.
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How the calculation works
Gross yield = annual rent ÷ price × 100. A RM800,000 unit rented at RM2,500 a month makes RM30,000 a year — a 3.75% gross yield. It is the quick number, and it always looks better than reality because it ignores what you spend to keep the property let.
Net yield = (annual rent − running costs) ÷ price × 100. Running costs are your real outgoings: the monthly maintenance or service charge, annual assessment (cukai pintu) and quit rent (cukai tanah), and an allowance for empty months and management. This is the figure to decide on.
A condo and a landed home can show the same gross yield and keep you very different amounts, because the condo carries a monthly maintenance charge the landed home does not. That gap is exactly why net yield is the number that matters.
Common questions
How do you calculate rental yield in Malaysia?
Gross rental yield is the annual rent divided by the property price, times 100 — so a RM800,000 unit rented at RM2,500 a month earns RM30,000 a year, a 3.75% gross yield. Net yield subtracts your running costs first: maintenance or service charge, annual assessment and quit rent, and an allowance for empty months and management. Net yield is the honest number.
What is a good rental yield in Penang?
Penang condos typically run 3–5% gross. Above that band usually means a keenly-priced unit or a strong rent; below it, a premium building where you are paying for the address rather than the income. Landed homes yield less — often 2–3% — because rent is a small fraction of a high capital value.
Does rental yield include income tax?
No. Yield is a property-level figure so it can be compared across properties. Income tax depends on your residency and total income, and loan interest is a financing choice, not a return of the asset — folding either in would make your "yield" mean something different from everyone else’s. Model those separately after.
Gross yield or net yield — which should I use?
Net yield, when deciding. Gross yield always looks higher because it ignores the maintenance charge a condo carries and a landed home does not, so two properties with the same gross yield can keep you very different amounts. Use gross only for a quick first comparison.
Buying to let? Feed this yield into the ROI & exit calculator for the full return with RPGT and loan amortisation. Already own it? See what renting out and management involves, or what selling nets you on the sell page. Weighing short-stay? Try the Airbnb income tool.