Cap rate & gross rent multiplier calculator for Fargo, ND
Starts from local data for Fargo, ND (ZIP 58102): a 3-bedroom rent of $1,378 a month (range $1,315–$1,440). 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 Fargo, ND?
- In ZIP 58102 the typical figure is $1,378 a month ($1,315–$1,440); across Fargo's 13 ZIP codes it's $1,230–$1,800, with a median of $1,510. Check listings for the specific property.