YieldBadger

Cap rate & gross rent multiplier calculator for Chester, IL

Starts from local data for Chester, IL (ZIP 62233): a 3-bedroom rent of $788 a month (range $788–$1,164). Every value stays editable.

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Property
$
$
%
$
Cap rate
6.58%
Gross rent multiplier
9.92
Gross annual rent
$50,400
NOI (yearly)
$32,880
Cap rate6.58%

How this is calculated

  1. 1Gross annual rent = monthly rent × 12.
  2. 2NOI = gross annual rent × (1 − vacancy %) − operating expenses.
  3. 3Cap rate = NOI ÷ price.
  4. 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 Chester, IL?
In ZIP 62233 the typical figure is $788 a month ($788–$1,164); across Chester's 1 ZIP code it's $788–$1,164, with a median of $788. Check listings for the specific property.

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