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Cap Rate Analysis: Ocala, FL

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

Moderate — source deals carefully
Based on $245,000 median price and $1,280/mo median rent
Est. Cap Rate
4.30%
1% Rule
0.52%
Fails
GRM
16.0x
Price / Income
6.1x

Market Data

Median Home Price$245,000
Median Monthly Rent$1,280
Property Tax Rate0.82%
Population68,800
Population Growth2.4% / yr
Median Household Income$40,200
Vacancy Rate5.6%
Annual Appreciation3.4%

Cap Rate Calculator — Ocala

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

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.82% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
3.57%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$8,752
net operating income
Gross Rent Multiplier
16.0x
High (>15)
1% Rule
0.52%
✗ Fails
Monthly Cash Flow
$729
before debt service
Annual Breakdown
Gross Rental Income$15,360
Less Vacancy−$860
Effective Income$14,500
Less Operating Expenses−$5,748
Net Operating Income$8,752

Cash-on-Cash Return — Ocala

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

$
$61,250
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-7.98%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$68,600
$61,250 down + $7,350 closing
Monthly Mortgage
$1,198
on $184K loan
Monthly Cash Flow
$-456
after all expenses
Annual Cash Flow
$-5,471
before taxes
Cash Flow Breakdown
Monthly Rent$1,280
Less Expenses−$538
Less Mortgage−$1,198
Monthly Cash Flow$-456

Is Ocala a Good Place to Invest in Rental Property?

Ocala, FL has a population of 68,800 and has been growing at 2.4% annually — well above the national average, signaling strong housing demand from population inflows. The median home price of $245,000 paired with median rents of $1,280/mo produces an estimated cap rate of 4.30%.

Property taxes at 0.82% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5.6% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 6.1x, homes cost about 6.1 times the local median income of $40,200. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 3.4% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: Ocala presents moderate opportunities. Cap rates near 4.30% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.

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