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Rhode Island Cap Rate Calculator

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

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Property Details

Operating Expenses(Rhode Island defaults)

Total Annual Expenses$14,860

Rhode Island Market Context

Avg Cap Rate

5.2%

Median Price

$487K

Property Tax

1%

Vacancy Rate

2.6%

Local Factors

  • -Lowest rental vacancy rate in the nation at 2.6% creates strong landlord leverage
  • -Small state with limited new construction supports tight supply
  • -Providence offers more affordable investment than nearby Boston/CT markets

Sources

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

Cap Rate

2.3%

Low
Net Operating Income$11,276
Gross Income$26,136
Total Expenses$14,860
Rhode Island Avg Cap Rate5.2%
CAP RATE2.3%
NOI$11,276
Property Tax$4,870
Insurance$2,349
Maintenance$4,870
Management$2,091
Vacancy$680

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 Rhode Island 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.

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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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