YieldBadger

Cap rate & gross rent multiplier calculator for Pennington, MN

Starts from local data for Pennington, MN (ZIP 56663): a 3-bedroom rent of $1,466 a month (range $1,466). Every value stays editable.

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Property
$
$
%
$
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

  1. 1Gross annual rent = monthly rent × 12.
  2. 2NOI = gross annual rent × (1 − vacancy %) − operating expenses.
  3. 3Cap rate = NOI ÷ price.
  4. 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 Pennington, MN?
In ZIP 56663 the typical figure is $1,466 a month ($1,466); across Pennington's 1 ZIP code it's $1,466, with a median of $1,466. Check listings for the specific property.

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