Cap rate & gross rent multiplier calculator for Independence, VA
Starts from local data for Independence, VA (ZIP 24348): a 3-bedroom rent of $544 a month (range $544–$1,271). 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 Independence, VA?
- In ZIP 24348 the typical figure is $544 a month ($544–$1,271); across Independence's 1 ZIP code it's $544–$1,271, with a median of $544. Check listings for the specific property.