Real Estate Tools

Cap Rate Calculator

Calculate capitalization rate, gross rent multiplier, NOI, and cash-on-cash return for any rental property. Itemized expense inputs with instant live results.

Property Details

Property Value ($)

Gross Monthly Rent ($)

Vacancy Rate (%)

Default 5% — national average

Annual Operating Expenses

Total Annual Expenses$11,554

Cap Rate

4.07%

NOI / Property Value

Gross Yield

6.72%

Gross rent / value

GRM

14.9x

Gross Rent Multiplier

Enable mortgage above to see cash-on-cash return

NOI Breakdown

Gross Annual Rent$33,600

−Vacancy Loss (5.0%)−$1,680

Effective Gross Income$31,920

−Total Operating Expenses−$11,554

Net Operating Income (NOI)$20,366

Industry Cap Rate Benchmarks

4–6%

Primary Markets

NYC, LA, SF, Miami

Low cap rate, high appreciation potential, lower risk

6–10%

Secondary Markets

Phoenix, Denver, Austin

Balanced return and risk, strong rental demand

10%+

Rural / High-Risk

Rural towns, C-class areas

High yield but more vacancy risk and lower appreciation

Your property cap rate: 4.07% — benchmarks are illustrative and vary by asset class, submarket, and current interest rates.

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Frequently Asked Questions

Everything you need to know about cap rate and rental property analysis.

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