Initial investment and term
Initial investment is the purchase price plus total purchase costs. Enter the period in full years. The calculator models a debt-free scenario and should not be read as an equity return based only on a deposit.
Rent and expenses
Net rent over the period is monthly rent × occupied months per year minus annual expenses, multiplied by the investment period. Rent and expenses are treated as constant assumptions.
Value change and sale
Estimated sale price applies the entered annual value change on a compound basis. Zero means no change; a negative rate models a fall. Sale costs are deducted separately from the estimated sale price.
How to interpret return
Net gain is estimated sale price minus sale costs plus net rent minus initial investment. ROI is net gain divided by initial investment × 100. It is for the full period, not an annual return, and excludes unentered tax, inflation and financing effects.
Example
With TRY 1,000,000 purchase price, TRY 50,000 purchase costs, 2 years, TRY 10,000 monthly rent for 10 months per year, TRY 20,000 annual expenses, 10% annual appreciation and TRY 20,000 sale costs, estimated sale is TRY 1,210,000 and two-year ROI is about 28.57%.