Cap rate calculator — Washington
Pacific Northwest investors often underwrite with tech-job-driven rent demand in mind. Default rent inputs reflect HUD FMR data—still model downside, as job mix shifts and regulation can change outcomes faster than a spreadsheet cell. Same math as the national Cap rate calculator; numbers are educational—not lender instructions.
Frequently asked questions
- How do you calculate cap rate on a rental property?
- Cap rate is annual NOI divided by purchase price. NOI is effective gross income after vacancy minus operating expenses like taxes, insurance, and recurring costs.
- What is a good cap rate?
- A good cap rate depends on market risk, asset quality, and growth expectations. Many investors compare cap rate against local comps, financing terms, and target return hurdles.
- Can I save cap rate calculator results?
- This calculator does not save your session. Use a free Veld account to save deals in the deal analyzer and track portfolio assumptions over time.
- What cap rate benchmark should I use in Washington?
- Recent residential cap rates in Washington are often near 4.3%, but deal quality and neighborhood risk can move that range. Underwrite with your actual 0.74% effective property tax and insurance quotes to avoid overstating NOI.
Real estate investing in Washington
Real estate investing in Washington
Seattle-area and other markets have nuanced landlord-tenant rules. Your underwriting should reflect the rent path you are legally allowed to achieve, not a headline number from another state.
- Typical 2BR rent
- ~$1,950/mo
- Effective property tax
- ~0.74% of home value
- State income tax
- No personal income tax
- Typical cap rate
- ~4.3%
Rent: HUD FMR 2025 · Property tax: Tax Foundation 2022 · Adjust all calculator inputs to match your specific deal.
Other calculators for Washington: BRRRR Calculator · STR vs LTR Calculator. All calculators · Investment property calculator