Cap rate & gross rent multiplier calculator for Payson, IL
Starts from local data for Payson, IL (ZIP 62360): a 3-bedroom rent of $1,090 a month (range $1,090–$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 Payson, IL?
- In ZIP 62360 the typical figure is $1,090 a month ($1,090–$1,246); across Payson's 1 ZIP code it's $1,090–$1,246, with a median of $1,090. Check listings for the specific property.