YieldBadger

Cap rate & gross rent multiplier calculator for Spanaway, WA

Starts from local data for Spanaway, WA (ZIP 98387): a 3-bedroom rent of $1,918 a month (range $1,918–$2,849). Every value stays editable.

Fill with local data

Enter a ZIP or address to fill rent. Every value stays editable.

Include the city and state, or a ZIP code

Property
$
$
%
$
Cap rate
6.58%
Gross rent multiplier
9.92
Gross annual rent
$50,400
NOI (yearly)
$32,880
Cap rate6.58%

How this is calculated

  1. 1Gross annual rent = monthly rent × 12.
  2. 2NOI = gross annual rent × (1 − vacancy %) − operating expenses.
  3. 3Cap rate = NOI ÷ price.
  4. 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 Spanaway, WA?
In ZIP 98387 the typical figure is $1,918 a month ($1,918–$2,849); across Spanaway's 1 ZIP code it's $1,918–$2,849, with a median of $1,918. Check listings for the specific property.

More for Spanaway

Rent in Spanaway, WA by bedrooms

This calculator nearby

All Washington cities