YieldBadger

Cap rate & gross rent multiplier calculator for Smith Lake, NM

Starts from local data for Smith Lake, NM (ZIP 87365): a 3-bedroom rent of $1,358 a month (range $1,358). 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 Smith Lake, NM?
In ZIP 87365 the typical figure is $1,358 a month ($1,358); across Smith Lake's 1 ZIP code it's $1,358, with a median of $1,358. Check listings for the specific property.

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