Cap rate & gross rent multiplier calculator for Shenandoah, IA
Starts from local data for Shenandoah, IA (ZIP 51601): a 3-bedroom rent of $988 a month (range $988–$1,184). 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 Shenandoah, IA?
- In ZIP 51601 the typical figure is $988 a month ($988–$1,184); across Shenandoah's 2 ZIP codes it's $988–$1,184, with a median of $1,086. Check listings for the specific property.