Buy to let is a long term investment. Beware timing the market as nobody knows what future will bring both on the rental and interest rate perspective. The calculations above factor in below inflation capital appreciation which over a 20 year plus period is most unlikely as property generally outperforms inflation in the long run. True on a 3-5 year basis you may have zero or negative growth but over the long term you will beat inflation in general. In my book based on the details you have given that looks attractive to me. Many of the doom merchants are traders that flip and get burnt imho and are after the fast buck. Thankfully if we do get a period of zero growth it may rustle a few of these "investors" out of the market.
