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New Jersey Cap Rate Calculator

Calculate cap rates using New Jersey market data. Property tax, insurance, vacancy rates, and other defaults are pre-filled with current New Jersey averages. Net Operating Income ÷ Property Price

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Property Details

Operating Expenses(New Jersey defaults)

Total Annual Expenses$18,529

New Jersey Market Context

Avg Cap Rate

5%

Median Price

$521K

Property Tax

1.68%

Vacancy Rate

3.6%

Local Factors

  • -Highest effective property tax rate in the nation at 1.68%
  • -Strong rental demand from NYC commuters keeps vacancy low
  • -Tenant-friendly laws and rent control in some municipalities

Sources

World Population Review – Median Home PriceFL Probate Law – Property Tax Rates (ACS Data)The Hartford – Insurance RatesiPropertyManagement – Vacancy Rates

Cap Rate

2.0%

Low
Net Operating Income$10,427
Gross Income$28,956
Total Expenses$18,529
New Jersey Avg Cap Rate5%
CAP RATE2.0%
NOI$10,427
Property Tax$8,753
Insurance$1,208
Maintenance$5,210
Management$2,316
Vacancy$1,042

What does this mean?

A cap rate below 4% is typical for premium locations with lower risk but limited cash flow. Common in Class A properties in major metros.

Keep running the numbers

One calculator rarely tells the whole story.

Cap rate tells you the return without financing. Now see what happens when you add a mortgage with New Jersey rates.

Cash on Cash Return

Measure the annual return on your actual cash invested, factoring in financing, expenses, and rental income.

Calculate

NOI

Calculate Net Operating Income — the foundation of commercial real estate valuation.

Calculate

Gross Rent Multiplier

Quickly screen and compare rental properties by how many years of gross income cover the purchase price.

Calculate

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