Originally Posted by The_Conductor
Also- the rent you're suggesting- 4k for a 3 bed- and you're suggesting your place would need to be done up- just doesn't ring true. Expensive as rents are- and they are expensive- you're looking at something really really special to achieve a 4k/month rent roll- and the fact that you're saying yours needs work anyway- would suggest your property is not part of that select cachet.
Would second this - 4k for a 3 bed sounds like immaculate condition properties in the likes of ballsbridge etc, which would sell for way more than 550k so either your property valuation is too low, or your rent is overstated. A yield of nearly 9% is very difficult to get in today's market especially for a 3 bed house imo. I would estimate the rent is probably closer to 3k per month if you take a realistic view.