YieldBadger

Cap rate & gross rent multiplier calculator for Las Cruces, NM

Starts from local data for Las Cruces, NM (ZIP 88001): a 3-bedroom rent of $980 a month (range $980–$1,461). Every value stays editable.

Fill with local data

Enter a ZIP or address to fill rent. Every value stays editable.

Include the city and state, or a ZIP code

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 Las Cruces, NM?
In ZIP 88001 the typical figure is $980 a month ($980–$1,461); across Las Cruces's 8 ZIP codes it's $980–$1,461, with a median of $1,340. Check listings for the specific property.

More for Las Cruces

Rent in Las Cruces, NM by bedrooms

This calculator nearby

All New Mexico cities