See exactly how net cash flow evolves over five years. Rent escalation, void risk, capex cycle, all in one view.
This tool is part of the Investor tier. £29/month with a 14-day free trial.
Sign up free, then upgrade →Year-1 yield is a snapshot. Five-year cash flow is the actual investment. Two garages with identical opening yields can produce very different five-year results, depending on rent growth, void exposure, and the capex cycle.
A 3%-per-year rent increase compounds to 16% extra cash over five years. If you hold for ten or twenty years, the difference dwarfs the headline yield. The challenge is whether the local market actually supports it — that is what regional benchmarks are for.
The classic garage-investor mistake is to assume 0% voids. In practice, even well-located garages turn over every 2-3 years and lose 4-8 weeks each time. Modelling 5-10% voids is realistic and forces you to think about location.
Doors, locks, paint, and the occasional roof patch. Garages are durable but not maintenance-free. Pencilling in £500-1,500 every five years for refresh capex puts you on the right side of reality.