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New Mexico Cap Rate Calculator

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

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Property Details

Operating Expenses(New Mexico defaults)

Total Annual Expenses$10,401

New Mexico Market Context

Avg Cap Rate

6.2%

Median Price

$357K

Property Tax

0.61%

Vacancy Rate

6.6%

Local Factors

  • -Albuquerque and Santa Fe are the primary rental markets with different investor profiles
  • -National labs (Los Alamos, Sandia) provide stable high-income renter base
  • -Low property taxes keep holding costs manageable

Sources

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

Cap Rate

1.8%

Low
Net Operating Income$6,255
Gross Income$16,656
Total Expenses$10,401
New Mexico Avg Cap Rate6.2%
CAP RATE1.8%
NOI$6,255
Property Tax$2,178
Insurance$2,222
Maintenance$3,570
Management$1,332
Vacancy$1,099

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 Mexico rates.

Cash on Cash Return

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

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NOI

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

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Gross Rent Multiplier

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

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