Cap rate & gross rent multiplier calculator for Cortland, IL
Starts from local data for Cortland, IL (ZIP 60112): a 3-bedroom rent of $2,124 a month (range $2,006–$2,124). 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 Cortland, IL?
- In ZIP 60112 the typical figure is $2,124 a month ($2,006–$2,124); across Cortland's 1 ZIP code it's $2,006–$2,124, with a median of $2,124. Check listings for the specific property.