Cap rate & gross rent multiplier calculator for Lemont, IL
Starts from local data for Lemont, IL (ZIP 60439): a 3-bedroom rent of $2,584 a month (range $2,120–$3,048). 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 Lemont, IL?
- In ZIP 60439 the typical figure is $2,584 a month ($2,120–$3,048); across Lemont's 1 ZIP code it's $2,120–$3,048, with a median of $2,584. Check listings for the specific property.