Cap rate & gross rent multiplier calculator for Charlotte, NC
Starts from local data for Charlotte, NC (ZIP 28202): a 3-bedroom rent of $2,831 a month (range $2,392–$3,270). 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 Charlotte, NC?
- In ZIP 28202 the typical figure is $2,831 a month ($2,392–$3,270); across Charlotte's 57 ZIP codes it's $1,212–$3,270, with a median of $2,310. Check listings for the specific property.