Cap rate & gross rent multiplier calculator for Millington, MD
Starts from local data for Millington, MD (ZIP 21651): a 3-bedroom rent of $1,719 a month (range $1,603–$1,719). 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 Millington, MD?
- In ZIP 21651 the typical figure is $1,719 a month ($1,603–$1,719); across Millington's 1 ZIP code it's $1,603–$1,719, with a median of $1,719. Check listings for the specific property.