Cap Rate Calculator Pro
NOI / value + market context
Cap rate (NOI ÷ property value), cash-on-cash return, gross rent multiplier (GRM). With market-context (4-6% urban A-tier vs 8-12% smaller markets).
Income
Expenses (annual)
Acquisition
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Cap Rate Calculator Pro (NOI + Cash-on-Cash)
Real estate investor essentials: NOI, cap rate, cash-on-cash return, gross rent multiplier (GRM). With market-tier benchmarks for context.
How to use this tool
- 1
Property income + expenses
Annual gross + operating costs.
- 2
Property value + cash invested
Cap rate vs cash-on-cash.
- 3
Market context
Compare to area benchmark.
Frequently Asked Questions
Cap rate vs Cash-on-Cash?
Cap rate = NOI ÷ property value (asset-level return, ignores leverage). Cash-on-Cash = annual cashflow ÷ cash invested (your actual return on YOUR money). With leverage, CoC is much higher than cap rate.
What's a good cap rate?
A-tier urban (NYC, SF, Berlin): 3-5%. B-tier markets: 5-7%. C-tier / smaller cities: 7-10%. Higher cap = more risk + less appreciation potential. Lower cap = "expensive" market.
What's NOI?
Net Operating Income: annual rent − operating expenses (taxes, insurance, maintenance, vacancy, property management). Does NOT include mortgage payment. NOI = property's ability to produce income.
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