Capitalization Rate Calculator

The Capitalization Rate (Cap Rate) measures a property's natural rate of return for a single year without taking into account debt on the asset, deed recording, or financing costs.

Total rental income before expenses
Taxes, insurance, maintenance, management
Net Operating Income (NOI)
$0
Cap Rate
0.00%

The Formula

Cap Rate = NOI / Property Value

NOI (Net Operating Income) equals all revenue from the property minus all reasonably necessary operating expenses.

What is a "Good" Cap Rate?

  • Class A (Urban Core) 4.0% - 5.5%
  • Class B (Value Add) 5.5% - 7.0%
  • Class C (High Yield/Risk) 7.0% - 10.0%+