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North Dakota Cap Rate Calculator

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

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Property Details

Operating Expenses(North Dakota defaults)

Total Annual Expenses$11,003

North Dakota Market Context

Avg Cap Rate

6.8%

Median Price

$281K

Property Tax

0.94%

Vacancy Rate

7.8%

Local Factors

  • -Oil industry cycles in the Bakken region create boom-bust rental demand
  • -Harsh winters increase maintenance and heating costs significantly
  • -Fargo is the most stable rental market with university and healthcare employment

Sources

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

Cap Rate

1.0%

Low
Net Operating Income$2,941
Gross Income$13,944
Total Expenses$11,003
North Dakota Avg Cap Rate6.8%
CAP RATE1.0%
NOI$2,941
Property Tax$2,641
Insurance$2,786
Maintenance$3,372
Management$1,116
Vacancy$1,088

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 Dakota 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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