Cap rate & gross rent multiplier calculator for Palo Alto, CA
Starts from local data for Palo Alto, CA (ZIP 94301): a 3-bedroom rent of $4,165 a month (range $3,500–$4,830). 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 Palo Alto, CA?
- In ZIP 94301 the typical figure is $4,165 a month ($3,500–$4,830); across Palo Alto's 6 ZIP codes it's $3,500–$5,210, with a median of $4,260. Check listings for the specific property.