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Cap Rate Calculator

Estimate net operating income, cap rate, and gross rent multiplier for a rental property. A live cap rate calculator for property managers and investors who need net operating income, capitalization rate, and gross rent multiplier without building a spreadsheet.

Live calculator

Assumptions

  • Operating expenses exclude mortgage payments and capital expenditures.
  • Vacancy loss is applied to gross annual rent before expenses.
  • For investment analysis, not appraisal or tax advice.

Live output

At these inputs, the property yields a 6.72% cap rate on a $500,000 valuation.

Cap rate

6.7%

Annualized return on property value from operating income alone.

Effective gross income

$45,600

Gross rent after vacancy loss, before operating expenses.

Net operating income

$33,600

Annual income remaining after vacancy and operating expenses.

Gross rent multiplier

10.4

Property value divided by gross annual rent — lower is better.

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