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MarketsFloridaNorth Port

Cap Rate Analysis: North Port, FL

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

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

Moderate — source deals carefully
Based on $400,000 median price and $2,090/mo median rent
Est. Cap Rate
4.28%
1% Rule
0.52%
Fails
GRM
15.9x
Price / Income
7.9x

Market Data

Median Home Price$400,000
Median Monthly Rent$2,090
Property Tax Rate0.86%
Population50,000
Population Growth1.9% / yr
Median Household Income$50,639
Vacancy Rate5.2%
Annual Appreciation3.7%

Cap Rate Calculator — North Port

Pre-filled with North Port 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
3.56%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$14,224
net operating income
Gross Rent Multiplier
15.9x
High (>15)
1% Rule
0.52%
✗ Fails
Monthly Cash Flow
$1,185
before debt service
Annual Breakdown
Gross Rental Income$25,080
Less Vacancy−$1,304
Effective Income$23,776
Less Operating Expenses−$9,552
Net Operating Income$14,224
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Cash-on-Cash Return — North Port

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

$
$100,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-7.97%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$112,000
$100,000 down + $12,000 closing
Monthly Mortgage
$1,956
on $300K loan
Monthly Cash Flow
$-744
after all expenses
Annual Cash Flow
$-8,925
before taxes
Cash Flow Breakdown
Monthly Rent$2,090
Less Expenses−$878
Less Mortgage−$1,956
Monthly Cash Flow$-744

Is North Port a Good Place to Invest in Rental Property?

North Port, 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 $400,000 paired with median rents of $2,090/mo produces an estimated cap rate of 4.28%.

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 7.9x, homes cost about 7.9 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: North Port presents moderate opportunities. Cap rates near 4.28% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.

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