I'm getting rental yield from previous poster who stated that 1 inner city property had yield of 5.7%.
As well,daft had a report on rental yields for July coming in at 5-5.25% in dublin-this presumably is an average so presumably some properties are giving a higher yield.As well this yield is based on historical prices and if prices are dropping,by definition yield is increasing.
You can check their website for details
www.daft.ie
In a falling market,u should easily get 6% as your offer will always fall short of asking prices.
As said before 6% is a great return and should leave u cash flow positive on your investment even if your 100% geared(cost of debt around 5%)
If your worried about interest rates,then fix long term 10-20 years,capital depreciation not an issue in short/medium term as u are cash flow positive.
As well,u should be able to increase rent by at least inflation which shouold cover maintenance costs and a nice little annual profit.
Again,I ask the question where is the risk especially in inner city dublin which has greatest demand for renters?