What rent should I use for a 3-bedroom rental in Chebeague Island, ME?

In ZIP 04017 the typical figure is $1,400 a month ($1,400–$2,902); across Chebeague Island's 1 ZIP code it's $1,400–$2,902, with a median of $1,400. Check listings for the specific property.

Cap rate & gross rent multiplier calculator for Chebeague Island, ME

Starts from local data for Chebeague Island, ME (ZIP 04017): a 3-bedroom rent of $1,400 a month (range $1,400–$2,902). Every value stays editable.

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

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 Chebeague Island, ME?: In ZIP 04017 the typical figure is $1,400 a month ($1,400–$2,902); across Chebeague Island's 1 ZIP code it's $1,400–$2,902, with a median of $1,400. Check listings for the specific property.

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