Cap rate & gross rent multiplier calculator for Milford, CT
Starts from local data for Milford, CT (ZIP 06460): a 3-bedroom rent of $2,377 a month (range $2,377–$2,602). 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 Milford, CT?
- In ZIP 06460 the typical figure is $2,377 a month ($2,377–$2,602); across Milford's 2 ZIP codes it's $1,447–$2,602, with a median of $1,912. Check listings for the specific property.