Cap rate & gross rent multiplier calculator for Santa Fe, NM
Starts from local data for Santa Fe, NM (ZIP 87501): a 3-bedroom rent of $2,160 a month (range $2,134–$2,160). 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 Santa Fe, NM?
- In ZIP 87501 the typical figure is $2,160 a month ($2,134–$2,160); across Santa Fe's 9 ZIP codes it's $1,128–$2,160, with a median of $2,134. Check listings for the specific property.