---
title: What is a Good Cap Rate for an Investment Property?
description: What is a good cap rate for an investment property? Deep dive into what cap rate means and how to calculate it.
image: https://www.steadytech.com/hubfs/Imported_Blog_Media/featured_single-family-rentals-2.png
---

The Owner Benefit Package is now OwnerProtect. Current customers can [log in](https://admin.steadyrent.com/signin) as usual.New: **OwnerLaunch** is here. [See how it works →](https://www.steadytech.com/owner-launch)

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[New![OwnerLaunch](data:image/png;base64,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) Owner onboarding and renewals](https://www.steadytech.com/owner-launch) [![OwnerProtect](data:image/png;base64,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# What is a Good Cap Rate for an Investment Property?

Jun 19, 2019, 12:00:00 AM · Steady

<https://www.blogger.com/u/1/blogger.g?blogID=6600275637937265628> <https://www.blogger.com/u/1/blogger.g?blogID=6600275637937265628>

[![](https://www.steadytech.com/hs-fs/hubfs/Imported_Blog_Media/featured_single-family-rentals-3.png?width=640&height=286&name=featured_single-family-rentals-3.png)](https://www.steadytech.com/hubfs/Imported_Blog_Media/featured_single-family-rentals-4.png)

Capitalization rate, often just called the cap rate, is arguably one of the most important rental analysis tools in real estate. When investors use the cap rate as a tool in their rental property toolbox, they will be able to more confidently buy and profit from their investment properties. So then what is a good cap rate for an investment property? In order to determine that answer we will first need to fully understand what cap rate is.

## <https://www.blogger.com/u/1/null>A Deep Dive into Cap Rate

Simply put, cap rate is a formula. It is the yield of a property over the duration of a year when the property is purchased on cash and not a loan. The cap rate stipulates the properties intrinsic and unlevered rate of return. Cap rate can be calculated by dividing a properties net operating income by its current market value.

[![](https://www.steadytech.com/hs-fs/hubfs/Imported_Blog_Media/Screen%20Shot%202019-02-21%20at%2010_08_53%20AM-2.png?width=640&height=128&name=Screen%20Shot%202019-02-21%20at%2010_08_53%20AM-2.png)](https://www.steadytech.com/hubfs/Imported_Blog_Media/Screen%20Shot%202019-02-21%20at%2010_08_53%20AM-3.png)

After establishing the cap rate, investors are also able to understand how long it will take to recover an investment in a property. For example it will take 10 years for an investor to fully capitalize an investment with a 10% cap rate.

## <https://www.blogger.com/u/1/null>Cap Rate Meets Real World

[![](https://www.steadytech.com/hs-fs/hubfs/Imported_Blog_Media/Screen%20Shot%202019-02-21%20at%2010_11_28%20AM-2.png?width=640&height=354&name=Screen%20Shot%202019-02-21%20at%2010_11_28%20AM-2.png)](https://www.steadytech.com/hubfs/Imported_Blog_Media/Screen%20Shot%202019-02-21%20at%2010_11_28%20AM-3.png)

 To really understand how the cap rate formula above works, let’s use it in a real world example. First and foremost, the net operating income must be determined. [Net operating income](https://steadymarketplace.com/blog/how-to-improve-the-net-operating-income-of-your-rental-properties) is the property’s revenue less its operating expenses. If a property generates $500,000 in revenue over the course of a year and costs $400,000 to operate, the annual net operating income would be $100,000.

Now that the net operating income has been established, it can be divided by the property’s current market value ultimately resulting in the capitalization rate. Now imagine that property is on the market for $900,000. This would mean the property’s capitalization rate is 11.1% using the cap rate formula above. ($100,000/$900,000 = .111, or 11.1%). Assuming net operating income and market value remain constant, this would mean that if someone were to buy the property above, the investor would stand to earn 11.1% of the property’s value as profit annually.

## <https://www.blogger.com/u/1/null>Why Cap Rate Should be in Every Investor’s Toolbox

[![](https://www.steadytech.com/hs-fs/hubfs/Imported_Blog_Media/IR-investor-relations-modified-2-2.jpg?width=640&height=384&name=IR-investor-relations-modified-2-2.jpg)](https://www.steadytech.com/hubfs/Imported_Blog_Media/IR-investor-relations-modified-2-3.jpg)

Understanding how to calculate cap rate to evaluate a potential investment property is critical for any real estate investor to master. A property’s cap rate can be used as a measure of risk. In theory, the higher the cap rate, the riskier the investment and higher the return. On the other hand, the lower the cap rate, the safer the investment and less possible profit capability. A property’s cap rate gives investors the visibility to determine a property’s viability and boil down a single property’s potential into a percentage. Once investors have a percentage, they can then easily compare the cap rate of various properties to see which deal is worth pursuing.

While cap rate is an extremely power tool in identifying property investments, investors should never rely solely on this assessment when purchasing a property. Cap rate is usually a great place to start when comparing two similar properties however, there are many other factors that should be considered. 

## <https://www.blogger.com/u/1/null>What is a Good Cap Rate for an Investment Property?

Now that we understand the definition of cap rate, the formula to calculate it, and why it is important for property investors, we can now determine what is a good cap rate for an investment property. Generally speaking, a good cap rate is usually somewhere between 8%-12%. Since cap rates are typically “projected” based on an estimate of future income, unfortunately, there is no way to exactly pinpoint what a good cap rate for an investment property is and it is instead dependent on many different factors.

## <https://www.blogger.com/u/1/null>Elements Affecting Cap Rate

[![](https://www.steadytech.com/hs-fs/hubfs/Imported_Blog_Media/Screen%20Shot%202019-02-21%20at%2010_10_33%20AM-3.png?width=640&height=396&name=Screen%20Shot%202019-02-21%20at%2010_10_33%20AM-3.png)](https://www.steadytech.com/hubfs/Imported_Blog_Media/Screen%20Shot%202019-02-21%20at%2010_10_33%20AM-2.png)

As mentioned above, cap rates are a very helpful tool, however there are some pitfalls. Like any calculation, a cap rate is only as useful as the numbers used to calculate it with. There are some major components that affect cap rates and the top three include:

●      Location

●      Interest rates

●      Property Type

●      Expenses

An investor needs to sift through tons of information about a property to determine the return on investment it potentially has. Below we will breakdown the top variables of cap rate a little further.

## Location is everything

The value of any real estate property is driven highly on demand and that demand is strongly affected by location. Is the property in a high-class, high traffic city like Manhattan or is it in a very small rural village in Texas? The cap rate of a busy urban location will have a very different cap rate than a rural location. Typically, larger, wealthier, and better educated populations drive a more local economy and therefore have lower cap rates. However, with that said, it is still important to remember every location has its own perceived risk.

## Interest Rates are Key

Even though real estate investors do not have much direct control over interest rates, any smart investor needs to understand interest rates and have an idea of what direction they may be headed in. If the Fed adjusts the rates, it can cause CAP to fluctuate rates up to 1%, even with zero change to the property itself. With increased interest rates comes a fall in property values and a rise in debt. A rise in debt ultimately means a decrease in investors net cash flow.

## Property Type Matters

There are many different property types a real estate investor can invest in, commercial, industrial, retail, hotels, multi family homes etc. When it comes to cap rates, not all property types are equal. Often times, multi-family homes have the lowest perceived risk and ultimately the lowest cap rates. This is due to the fact that everyone needs a place to live, even during the recession. On the other hand, a retail building holds a much higher perceived risk due to its reliability on a strong economic market.

## Expenses & Risk Mitigation

As we have determined, a properties operating expenses affect net operating income which ultimately affect a properties capitalization rate. Therefore, investors should ensure they are mitigating risks anywhere they can. A newer investment protection option that has caught fire in the United States is [rent default insurance](https://steadymarketplace.com/). Rent default insurance protects landlords against loss if the tenant should stop paying their monthly rent, saving landlords a lot of time, expense, and loss of operating income. [Steady Marketplace LLC](https://steadymarketplace.com/) is a leading online solution and underwriting manager for landlord rent default insurance, providing landlords comprehensive risk management solutions via an online platform. It’s crucial to understand your risks and weigh the pros and cons of rent default insurance and [why rent default insurance is important for real estate investors](https://steadymarketplace.com/).

<https://www.blogger.com/u/1/blogger.g?blogID=6600275637937265628>

[![](https://www.steadytech.com/hs-fs/hubfs/Imported_Blog_Media/ForRentSignHousePhoto-3.png?width=640&height=304&name=ForRentSignHousePhoto-3.png)](https://www.steadytech.com/hubfs/Imported_Blog_Media/ForRentSignHousePhoto-2.png)

## <https://www.blogger.com/u/1/null>Cap Rate Conclusion

In conclusion to the question, what is a good cap rate for an investment property, the answer is, there is no one clear one. Investors must weigh their options and take the multiple different factors discussed above into account when looking at a properties capitalization rate and smart property investments.

### Learn More About How to Maximize your Rental Income and Mitigate Risks with Steady’s [Smart Solutions](http://steady.staging.tonik.pl/index.html) for Investment Properties.

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Steady Technologies, Inc. and its subsidiaries deliver unique financial and insurance solutions to property managers and their clients. All insurance products are offered through Steady Insurance Agency LLC, a leading program manager and Underwriting Manager for Landlord Rent Default Insurance. Steady Insurance Agency LLC works with an A.M. Best rated A+ and Fortune 100 Company. Nationwide, the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide Mutual Insurance Company. Steady Insurance Agency LLC or Steady Insurance Agency LLC’s brokers maintain Excess and Surplus Lines Broker licenses in every state where Landlord Rent Default Policies are bound and issued.

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