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If you own or are thinking about buying a rental property, understanding your return on investment (ROI) is one of the most important steps you can take. A cap rate calculator makes it simple to see how much income your property generates compared to its value. Our Cap Rate Calculator lets you enter a few numbers and instantly review your cap rate. This gives you a clear picture of whether a property is worth your time and money. What Is a Cap Rate and Why Does It Matter? The capitalization rate is a percentage that measures a rental property’s annual net operating income (NOI) relative to its purchase price or current market value. For example, if a property generates 12,000 in NOI per year and is worth 200,000, the cap rate would be 6%. This number helps investors quickly compare different properties and decide which ones offer the best returns for their investment goals. A higher cap rate often means higher potential returns, but it can also signal higher risk. A lower cap rate ...
Figuring out how much rent you can afford in New York City (NYC) can feel overwhelming, especially with the city’s famously high housing costs. If you’re not sure where to start, using our Rent Affordability Calculator can help you quickly determine a realistic budget based on your income and expenses. This takes the guesswork out of the process and gives you a data-driven number you can work with. Whether you’re moving to NYC for the first time or you’ve been there for years, understanding your rent affordability is the first step toward making a confident housing decision. Understanding the 30% Rule for Rent in New York City One of the most common guidelines for rent affordability is the 30% rule, which suggests spending no more than 30% of your gross monthly income on rent. In NYC, this can be tricky because average rents often exceed that threshold, especially in high-demand neighborhoods like Manhattan or Williamsburg. While it’s a helpful starting point, the 30% rule does...