Cap rate & gross rent multiplier calculator for Tempe, AZ
Starts from local data for Tempe, AZ (ZIP 85281): a 3-bedroom rent of $2,268 a month (range $2,116–$2,420). Every value stays editable.
Cap rate
6.58%
Gross rent multiplier
9.92
- Gross annual rent
- $50,400
- NOI (yearly)
- $32,880
How this is calculated
- 1Gross annual rent = monthly rent × 12.
- 2NOI = gross annual rent × (1 − vacancy %) − operating expenses.
- 3Cap rate = NOI ÷ price.
- 4GRM = price ÷ gross annual rent.
Neither metric accounts for financing. Use the rental cash flow calculator to see returns with a mortgage.
Frequently asked questions
- What rent should I use for a 3-bedroom rental in Tempe, AZ?
- In ZIP 85281 the typical figure is $2,268 a month ($2,116–$2,420); across Tempe's 8 ZIP codes it's $2,099–$3,060, with a median of $2,300. Check listings for the specific property.