YieldBadger

Cap rate & gross rent multiplier calculator for Manhattan, IL

Starts from local data for Manhattan, IL (ZIP 60442): a 3-bedroom rent of $2,060 a month (range $2,060–$2,586). Every value stays editable.

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Property
$
$
%
$
Cap rate
6.58%
Gross rent multiplier
9.92
Gross annual rent
$50,400
NOI (yearly)
$32,880
Cap rate6.58%

How this is calculated

  1. 1Gross annual rent = monthly rent × 12.
  2. 2NOI = gross annual rent × (1 − vacancy %) − operating expenses.
  3. 3Cap rate = NOI ÷ price.
  4. 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 Manhattan, IL?
In ZIP 60442 the typical figure is $2,060 a month ($2,060–$2,586); across Manhattan's 1 ZIP code it's $2,060–$2,586, with a median of $2,060. Check listings for the specific property.

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