Cap rate & gross rent multiplier calculator for Homer Glen, IL
Starts from local data for Homer Glen, IL (ZIP 60491): a 3-bedroom rent of $3,010 a month (range $2,586–$3,010). 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 Homer Glen, IL?
- In ZIP 60491 the typical figure is $3,010 a month ($2,586–$3,010); across Homer Glen's 1 ZIP code it's $2,586–$3,010, with a median of $3,010. Check listings for the specific property.