Cap rate & gross rent multiplier calculator for Loraine, IL
Starts from local data for Loraine, IL (ZIP 62349): a 3-bedroom rent of $663 a month (range $663–$1,246). 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 Loraine, IL?
- In ZIP 62349 the typical figure is $663 a month ($663–$1,246); across Loraine's 1 ZIP code it's $663–$1,246, with a median of $663. Check listings for the specific property.