YieldBadger

Cap rate & gross rent multiplier calculator for Park Forest, IL

Starts from local data for Park Forest, IL (ZIP 60466): a 3-bedroom rent of $2,047 a month (range $1,544–$2,550). Every value stays editable.

Fill with local data

Enter a ZIP or address to fill rent. Every value stays editable.

Include the city and state, or a ZIP code

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 Park Forest, IL?
In ZIP 60466 the typical figure is $2,047 a month ($1,544–$2,550); across Park Forest's 1 ZIP code it's $1,544–$2,550, with a median of $2,047. Check listings for the specific property.

More for Park Forest

Rent in Park Forest, IL by bedrooms

This calculator nearby

All Illinois cities