Cap rate & gross rent multiplier calculator for Philadelphia, TN
Starts from local data for Philadelphia, TN (ZIP 37846): a 3-bedroom rent of $990 a month (range $670–$1,310). 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 Philadelphia, TN?
- In ZIP 37846 the typical figure is $990 a month ($670–$1,310); across Philadelphia's 1 ZIP code it's $670–$1,310, with a median of $990. Check listings for the specific property.