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

Market

Browse calculators by state

Property Details

Property Price

Annual Gross Rental Income

Operating Expenses(Rhode Island defaults)

Total Annual Expenses$14,860

Property Tax(1% avg in RI)

Insurance($2,349 avg in RI)

Maintenance & Repairs

Management Fee(8% of rent)

Vacancy Rate($680/yr)

Rhode Island Market Context

Avg Cap Rate

5.2%

Median Price

$487K

Property Tax

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

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.

Calculate

Gross Rent Multiplier

Quickly screen and compare rental properties by how many years of gross income cover the purchase price.

Calculate