Cap Rate Calculator for West Virginia
Pre-loaded with typical West Virginia figures — adjust anything to match your deal.
Property
Income
Operating expenses
of gross rent
Target
required unlevered return
Cap rate 5.51% — Just under your 6.00% target
- Capitalization rate (cap rate)
- 5.51%
- Net operating income (annual)
- $8,816
- Net operating income (monthly)
- $734.67
- Operating expenses (annual)
- $4,864
- Value at 6.00% cap rate
- $146,933
Just under your 6.00% target
Cap rate is the same number in West Virginia as everywhere — net operating income divided by property value — but the ratio of price to rent is local. This calculator is pre-loaded with typical West Virginia figures: a median home near $160,000, gross rent around $1,200/month, property tax near 0.57% and insurance near 1.00% of value. Adjust anything to match your deal.
The calculator computes net operating income, the cap rate, and the value the property would support at your target cap rate. Everything runs in your browser — your numbers are never uploaded.
What is a cap rate?
A cap rate is the percentage of a property’s value that its net operating income represents each year. A property generating $20,000 of NOI on a $300,000 price has a 6.67% cap rate. Higher cap rates mean more income per dollar of price — but often come with more risk: a worse location, older stock, or heavier management burden.
cap rate = net operating income ÷ property valuenet operating income = gross operating income − operating expenses- operating expenses exclude debt service, income tax, and depreciation
How West Virginia numbers feed the cap rate
For the example above, annual property tax is roughly $912 (0.57% of $160,000) and insurance about $1,600 (1.00% of value). Those two figures are usually the largest operating expenses after property management, so small differences between West Virginia markets move the cap rate noticeably — cheaper price-to-rent markets post higher cap rates than expensive coastal ones.
gross operating income = gross rent × (1 − vacancy %)NOI = GOI − (tax + insurance + HOA + repairs + management)cap rate = NOI ÷ value
What is a good cap rate?
There is no universal “good” cap rate. Rather than chase a number, set the target to the unlevered return you require for the risk, and let the calculator flag whether a deal clears it. The “value at target cap rate” result tells you what the property is worth to you at that return — a quick way to frame an offer. For the levered picture with a mortgage, follow up with the cash-on-cash calculator; for what a lender checks, the DSCR calculator.
Frequently asked questions
What is a good cap rate in West Virginia?
It depends on the market and risk within West Virginia, not just the state. Roughly: 3–5% in expensive, high-appreciation markets; 5–7% in balanced ones; 7–10%+ in cash-flow markets. The West Virginia figures above seed a realistic example, but replace them with your actual rent and expenses before relying on the result.
Are the West Virginia numbers in this calculator accurate?
They are typical statewide figures used only to seed a realistic example — $160,000 home, $1,200/month rent, 0.57% property tax, 1.00% insurance. Real numbers vary by city, insurer, and assessment, so replace them with your own before relying on the result.
Does the cap rate include the mortgage?
No. Cap rate is unlevered — it ignores financing entirely. For whether a deal cash-flows with a loan, use the DSCR calculator or cash-on-cash calculator.
Does this calculator upload my data?
No. All calculations run locally in your browser. The inputs never leave your device — confirm it in your browser’s network tab while editing the fields.