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Washington Cap Rate Calculator

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

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Property Details

Operating Expenses(Washington defaults)

Total Annual Expenses$15,878

Washington Market Context

Avg Cap Rate

4.5%

Median Price

$630K

Property Tax

0.74%

Vacancy Rate

6%

Local Factors

  • -No state income tax benefits investor net returns
  • -Seattle metro is driven by tech (Amazon, Microsoft) with high rents but high prices
  • -New landlord-tenant laws have increased tenant protections and eviction timelines

Sources

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

Cap Rate

1.3%

Low
Net Operating Income$8,398
Gross Income$24,276
Total Expenses$15,878
Washington Avg Cap Rate4.5%
CAP RATE1.3%
NOI$8,398
Property Tax$4,662
Insurance$1,517
Maintenance$6,300
Management$1,942
Vacancy$1,457

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 Washington 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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