Cap rate & gross rent multiplier calculator for Lovejoy, IL
Starts from local data for Lovejoy, IL (ZIP 62059): a 3-bedroom rent of $1,370 a month (range $1,370–$1,731). 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 Lovejoy, IL?
- In ZIP 62059 the typical figure is $1,370 a month ($1,370–$1,731); across Lovejoy's 1 ZIP code it's $1,370–$1,731, with a median of $1,370. Check listings for the specific property.