Cap Rate Calculator

Cap rate is a property's net operating income divided by its price — the unleveraged yield, and the fastest way to compare rentals. Enter the rent and expenses to get NOI, cap rate, and gross rent multiplier instantly.

Cap rate
5.76%
Moderate
Annual NOI
$14,400
Net operating income
$
$
$/yr

Taxes, insurance, management, maintenance — excludes mortgage

Cap rate5.76%
Gross annual rent$24,000
Operating expenses-$9,600
Net operating income$14,400/yr
Gross rent multiplier10.4x
Moderate cap rate

Cap rate is NOI ÷ price — the unleveraged yield on the property. Typical for many metro rentals — compare against similar properties.

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