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Ohio Cap Rate Calculator

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

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Property Details

Operating Expenses(Ohio defaults)

Total Annual Expenses$9,099

Ohio Market Context

Avg Cap Rate

7.2%

Median Price

$241K

Property Tax

1.28%

Vacancy Rate

5.8%

Local Factors

  • -Columbus is a standout growth market among Ohio cities with strong job growth
  • -Cleveland and Cincinnati offer high cash-flow potential at very low entry prices
  • -High property taxes are the main drag on investor returns

Sources

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

Cap Rate

2.9%

Low
Net Operating Income$6,909
Gross Income$16,008
Total Expenses$9,099
Ohio Avg Cap Rate7.2%
CAP RATE2.9%
NOI$6,909
Property Tax$3,085
Insurance$1,395
Maintenance$2,410
Management$1,281
Vacancy$928

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 Ohio 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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