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

Market

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Property Details

Property Price

Annual Gross Rental Income

Operating Expenses(North Dakota defaults)

Total Annual Expenses$11,003

Property Tax(0.94% avg in ND)

Insurance($2,786 avg in ND)

Maintenance & Repairs

Management Fee(8% of rent)

Vacancy Rate($1,088/yr)

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 Price FL Probate Law – Property Tax Rates (ACS Data)The Hartford – Insurance Rates iPropertyManagement – 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%

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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