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MarketsFloridaCrestview

Cap Rate Analysis: Crestview, FL

Investment metrics, interactive calculators, and data-driven analysis for Crestview rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $435,000 median price and $1,920/mo median rent
Est. Cap Rate
3.36%
1% Rule
0.44%
Fails
GRM
18.9x
Price / Income
8.6x

Market Data

Median Home Price$435,000
Median Monthly Rent$1,920
Property Tax Rate0.86%
Population50,000
Population Growth1.9% / yr
Median Household Income$50,639
Vacancy Rate5.2%
Annual Appreciation3.7%

Cap Rate Calculator — Crestview

Pre-filled with Crestview medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.86% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.81%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$12,206
net operating income
Gross Rent Multiplier
18.9x
High (>15)
1% Rule
0.44%
✗ Fails
Monthly Cash Flow
$1,017
before debt service
Annual Breakdown
Gross Rental Income$23,040
Less Vacancy−$1,198
Effective Income$21,842
Less Operating Expenses−$9,636
Net Operating Income$12,206
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Cash-on-Cash Return — Crestview

Factor in financing to see your actual return on invested capital in Crestview.

$
$108,750
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-9.98%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$121,800
$108,750 down + $13,050 closing
Monthly Mortgage
$2,127
on $326K loan
Monthly Cash Flow
$-1,013
after all expenses
Annual Cash Flow
$-12,155
before taxes
Cash Flow Breakdown
Monthly Rent$1,920
Less Expenses−$806
Less Mortgage−$2,127
Monthly Cash Flow$-1,013

Is Crestview a Good Place to Invest in Rental Property?

Crestview, FL has a population of 50,000 and has been growing at 1.9% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $435,000 paired with median rents of $1,920/mo produces an estimated cap rate of 3.36%.

Property taxes at 0.86% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5.2% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 8.6x, homes cost about 8.6 times the local median income of $50,639. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 3.7% annually. Above-average appreciation adds an equity component to total returns, though deals should still pencil on cash flow alone.

Bottom line: At current median prices, Crestview is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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