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New Jersey Rental Yield Calculator

Calculate rental yield using New Jersey market data. Gross yield uses total rent before expenses; net yield subtracts operating costs — the number that actually matters.

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Property & Income

Operating Expenses(New Jersey defaults)

Total Annual Expenses$18,529

Gross vs. Net Rental Yield

Gross rental yield is the simplest comparison metric: annual rent divided by total property cost. It's useful for quick screening but doesn't account for the real cost of ownership.

Net rental yield subtracts operating expenses (taxes, insurance, maintenance, management, vacancy) from income before dividing by cost. This tells you what the property actually earns as a percentage of your investment.

The gap between gross and net reveals your expense ratio — how much of your gross income gets consumed by costs. A tight ratio means more money in your pocket; a wide one means the property is expensive to hold.

New Jersey Market Context

Avg Cap Rate

5%

Median Price

$521K

Property Tax

1.68%

Vacancy Rate

3.6%

Local Factors

  • -Highest effective property tax rate in the nation at 1.68%
  • -Strong rental demand from NYC commuters keeps vacancy low
  • -Tenant-friendly laws and rent control in some municipalities

Net Rental Yield

1.9%

Low

Gross Rental Yield

5.4%

Annual Gross Income$28,956
Annual Net Income$10,427
Total Investment$536,630
Total Expenses$18,529
Expense Ratio64.0%
Monthly Net Income$869
NET YIELD1.9%
Net Income$10,427
Property Tax$8,753
Insurance$1,208
Maintenance$5,210
Management$2,316
Vacancy$1,042
Other$0

What does this mean?

A net yield below 3% is typical in high-demand markets where appreciation drives returns more than cash flow. You're betting on the asset growing in value.