THAILAND

Rental Income in Thailand

Counted net, not by the brochure

A full-year P&L on a €79,000 (THB 2.9M) Bang Tao studio

8.7%

gross yield

nightly model via operator

4.4%

net yield

after fees, charges and tax

25–40%

operator commission

buys 70–80% high-season occupancy

days — legal minimum

nightly only with a hotel licence

One year: 28 m² studio

Gross income

THB 1,250/night avg, ~55% occupancy

THB 251,000

Operator commission 25%

occupancy and operations covered

−THB 62,750

Fees & running costs

CAM, utilities, linen

−THB 35,000

Non-resident tax

15% after a 30% deduction

−THB 26,300

Net for the year

≈ 4.4% of the unit price

≈THB 127,000

Where yields run higher

Bang Tao · Layan

7.5–9% gross, year-round

Jomtien

6–7% gross, entry from $45,000

Southern Phuket

4–6% on long lets

THE RULE

Buy if the deal works at 4.5% net and zero price growth

BROCHURE

“Up to 10% returns” in ads is the gross figure before every cost

virtoproperty.com · Sources: Virto Property catalogue, Revenue Department · June 2026
For information only — not legal, tax or investment advice.