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North Carolina Cap Rate Calculator

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

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Property Details

Operating Expenses(North Carolina defaults)

Total Annual Expenses$10,991

North Carolina Market Context

Avg Cap Rate

5.8%

Median Price

$368K

Property Tax

0.62%

Vacancy Rate

6.4%

Local Factors

  • -Charlotte and Raleigh-Durham are top-tier Sun Belt growth markets
  • -Strong tech job growth (Research Triangle) supports premium rents
  • -Coastal areas face hurricane risk and rising insurance costs

Sources

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

Cap Rate

2.1%

Low
Net Operating Income$7,597
Gross Income$18,588
Total Expenses$10,991
North Carolina Avg Cap Rate5.8%
CAP RATE2.1%
NOI$7,597
Property Tax$2,282
Insurance$2,352
Maintenance$3,680
Management$1,487
Vacancy$1,190

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 North Carolina 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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