Cap rate & gross rent multiplier calculator for Steele, ND
Starts from local data for Steele, ND (ZIP 58482): a 3-bedroom rent of $615 a month (range $615–$1,333). 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 Steele, ND?
- In ZIP 58482 the typical figure is $615 a month ($615–$1,333); across Steele's 1 ZIP code it's $615–$1,333, with a median of $615. Check listings for the specific property.