Yield
The annual percentage return from rent compared with what it cost to purchase the property. Gross yield uses rent before costs; net yield uses rent after costs. Example: total cost to buy £500,000; annual rent £36,000; expenses £6,000 → gross yield 7.2% (36,000 ÷ 500,000) and net yield 6% ((36,000 − 6,000) ÷ 500,000).