Gross rental yields in Jamaica: Kingston & St. Andrew
The average gross rental yield in Jamaica stands at 6.73% (Q3, 2024).
| Last Updated: Jul. 30, 2024 | |||
| KINGSTON & St. ANDREW - All Dwelling Types | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Kingston & St. Andrew (all locations) | |||
| 1-Bedroom | $124,731 | $576 | 5.54% |
| 2-Bedroom | $233,472 | $1,400 | 7.20% |
| 3-Bedroom | $402,979 | $2,500 | 7.44% |
| Kingston & St. Andrew avg. rental yields | 7.13% | ||
| All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and RE/MAX |
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Jamaica's Historic Rental Yield Data
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in Jamaica. We utilized the RE/MAX website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).