Cap rate & gross rent multiplier calculator for Elkton, MI
Starts from local data for Elkton, MI (ZIP 48731): a 3-bedroom rent of $975 a month (range $975–$1,293). 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 Elkton, MI?
- In ZIP 48731 the typical figure is $975 a month ($975–$1,293); across Elkton's 1 ZIP code it's $975–$1,293, with a median of $975. Check listings for the specific property.