Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

What is a good rental yield?
I've never heard of rent quoted per week. Are you in the US?  In general, after the down payment, one would hope to take the rent, and be able to pay the mortgage, tax, insurance, and then have enough left each year to at least have a bit of emergency money for repairs. If one can start by actually pocketing more than this each year, that's ideal, but to start with a rental, and only make money "after taxes" is cutting it too close in my opinion. The 19 to 1 "P/E" appears too high, when I followed such things I recall 12 or under being the target. Of course rates were higher, and that number rises with very low rates.  In your example, a $320K mortgage at 4% is $1527/mo. $400/wk does not cut it.