YieldBadger

Cap rate & gross rent multiplier calculator for Jersey City, NJ

Starts from local data for Jersey City, NJ (ZIP 07302): a 3-bedroom rent of $4,198 a month (range $3,306–$5,090). 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 Jersey City, NJ?
In ZIP 07302 the typical figure is $4,198 a month ($3,306–$5,090); across Jersey City's 10 ZIP codes it's $1,838–$5,090, with a median of $3,390. Check listings for the specific property.

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