Cap rate & gross rent multiplier calculator for Palmyra, NJ
Starts from local data for Palmyra, NJ (ZIP 08065): a 3-bedroom rent of $2,372 a month (range $2,173–$2,570). 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 Palmyra, NJ?
- In ZIP 08065 the typical figure is $2,372 a month ($2,173–$2,570); across Palmyra's 1 ZIP code it's $2,173–$2,570, with a median of $2,372. Check listings for the specific property.