Yield calculation
Most yield figures quoted in the market are gross values on the purchase price. To make a decision, you need net yield on your total investment — including fit-out, furnishing and closing costs.
This page shows the formulas, realistic deductions, and two worked examples for Tbilisi and Batumi.
Calculate in a single currency and with annual figures. For short-term rental, use occupancy instead of a fixed monthly rent.
Purchase price USD 120,000, fit-out and furnishing USD 12,000, total investment USD 132,000. Monthly rent USD 950 ⇒ USD 11,400 a year ⇒ 8.6% gross. After 8% management, 8% vacancy, the 5% tax that applies to individuals letting residential property for living purposes without deducting costs, and 1% maintenance, roughly 6.7% net remains.
Purchase price USD 68,000, furnishing USD 9,000, total investment USD 77,000. Short-term rental at USD 70 per night with 110 occupied nights ⇒ USD 7,700 ⇒ 10% gross. After 20% management and platform fees, the 5% tax that applies to individuals letting residential property for living purposes without deducting costs, and maintenance, roughly 7% net remains.
Only compare offers when the base figure and deductions are identical. And keep rental yield separate from capital appreciation: the latter is an expectation, not a running income.
| Item | Long-term rental | Short-term rental |
|---|---|---|
| Management | 5–10% | 15–25% |
| Vacancy | 5–10% | included in occupancy |
| Maintenance | approx. 1% | approx. 2% |
| Rental tax (individuals letting residential property for living purposes, no cost deductions) | 5% | 5% |
Subtract management, vacancy, maintenance and the 5% rental tax that applies to individuals letting residential property for living purposes without deducting costs from the annual rent, then divide the result by your total investment, including fit-out and furnishing.
Roughly 5–9% gross in Tbilisi on long-term rental and 8–12% in Batumi with active short-term letting; net figures are typically 1.5–3 percentage points lower in both. As of 21 Sep 2026.
Not toward rental yield. Capital appreciation is a second, expected return component and should be shown separately because it isn't guaranteed.
Worked examples use typical market assumptions, as of 21 Sep 2026 — not investment advice. · As of: 2026-09-21
We'll calculate your target property with realistic deductions and show the gross and net figures.