Cap rate & gross rent multiplier calculator for Amarillo, TX
Starts from local data for Amarillo, TX (ZIP 79101): a 3-bedroom rent of $1,696 a month (range $1,512–$1,696). 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 Amarillo, TX?
- In ZIP 79101 the typical figure is $1,696 a month ($1,512–$1,696); across Amarillo's 20 ZIP codes it's $930–$2,095, with a median of $1,512. Check listings for the specific property.