Cap rate & gross rent multiplier calculator for Northbrook, IL
Starts from local data for Northbrook, IL (ZIP 60062): a 3-bedroom rent of $2,972 a month (range $2,533–$3,410). 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 Northbrook, IL?
- In ZIP 60062 the typical figure is $2,972 a month ($2,533–$3,410); across Northbrook's 2 ZIP codes it's $2,533–$3,410, with a median of $2,761. Check listings for the specific property.