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Cap Rate Analysis: Goldsboro, NC

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

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

Strong investment fundamentals
Based on $180,000 median price and $1,390/mo median rent
Est. Cap Rate
7.20%
1% Rule
0.77%
Fails
GRM
10.8x
Price / Income
3.1x

Market Data

Median Home Price$180,000
Median Monthly Rent$1,390
Property Tax Rate0.78%
Population50,000
Population Growth1.5% / yr
Median Household Income$58,267
Vacancy Rate5.3%
Annual Appreciation3.2%

Cap Rate Calculator — Goldsboro

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

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.78% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
5.93%Moderate
Net Operating Income ÷ Purchase Price
NOI / Year
$10,672
net operating income
Gross Rent Multiplier
10.8x
Good (<15)
1% Rule
0.77%
✗ Fails
Monthly Cash Flow
$889
before debt service
Annual Breakdown
Gross Rental Income$16,680
Less Vacancy−$884
Effective Income$15,796
Less Operating Expenses−$5,124
Net Operating Income$10,672
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Cash-on-Cash Return — Goldsboro

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

$
$45,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-1.76%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$50,400
$45,000 down + $5,400 closing
Monthly Mortgage
$880
on $135K loan
Monthly Cash Flow
$-74
after all expenses
Annual Cash Flow
$-889
before taxes
Cash Flow Breakdown
Monthly Rent$1,390
Less Expenses−$584
Less Mortgage−$880
Monthly Cash Flow$-74

Is Goldsboro a Good Place to Invest in Rental Property?

Goldsboro, NC has a population of 50,000 and has been growing at 1.5% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $180,000 paired with median rents of $1,390/mo produces an estimated cap rate of 7.20%.

Property taxes at 0.78% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 5.3% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 3.1x, homes cost about 3.1 times the local median income of $58,267. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 3.2% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: Goldsboro offers attractive fundamentals for rental investors. low taxes, and cap rates above 6% put it in the upper tier of investable markets.

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