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Cap Rate Calculator - Capitalization Rate

Free cap rate calculator. Calculate capitalization rate for real estate investments. Compare property values and returns.

Cap Rate Calculator

Calculate capitalization rate

Current market value or purchase price

Gross annual rental income

Taxes, insurance, maintenance, management

Results

Enter your values to see results

and click the "Calculate" button

Cap Rate Calculator

Calculate the capitalization rate for rental properties. Cap rate is a key metric for comparing real estate investments regardless of financing.

Cap Rate Formula

Cap Rate = (NOI / Property Value) × 100

NOI = Gross Rent - Operating Expenses (excludes mortgage payments). Higher cap rate = higher return but often more risk.

Frequently Asked Questions

What's a good cap rate?
Varies by market: 4-6% in expensive cities (SF, NYC), 8-12% in smaller markets. Higher isn't always better - may indicate higher risk.
Does cap rate include mortgage?
No. Cap rate uses NOI (before mortgage payments). This lets you compare properties regardless of financing. Use Cash-on-Cash return for leveraged returns.

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