YieldBadger

Cap rate & gross rent multiplier calculator for Chicago Heights, IL

Starts from local data for Chicago Heights, IL (ZIP 60411): a 3-bedroom rent of $1,813 a month (range $1,456–$2,170). Every value stays editable.

Fill with local data

Enter a ZIP or address to fill rent. Every value stays editable.

Include the city and state, or a ZIP code

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 Chicago Heights, IL?
In ZIP 60411 the typical figure is $1,813 a month ($1,456–$2,170); across Chicago Heights's 2 ZIP codes it's $1,456–$2,586, with a median of $2,182. Check listings for the specific property.

More for Chicago Heights

Rent in Chicago Heights, IL by bedrooms

This calculator nearby

All Illinois cities