Review criteria
- +Cap rate and GRM from NOI and price
- +Quick screen across several properties
- +Sensitivity to rent and expense changes
- +Works in Google Sheets and Excel
Cap Rate Calculator in Real Estate Investing
The Cap Rate Calculator is a copy-ready spreadsheet for real estate investing that tracks noi, price, cap rate, grm, cash flow. It opens unchanged in both Google Sheets and Excel, needs no add-ons or macros, and takes under 10 minutes to set up.
Last updated: August 2026
Get this template
What’s inside “Cap Rate Calculator”
Format: Starter CSV (column layout)Setup: Under 10 minutesColumns: 5
Pre-built column headers
- NOI
- Price
- Cap Rate
- GRM
- Cash Flow
- Download the starter CSV — the column headers above are already in place.
- Open it in Google Sheets (File → Import) or Excel — no macros or add-ons needed.
- Rename, add, or remove columns so it matches how you actually work.
The file opens locally on your device — nothing is uploaded, and you own the copy outright.
Cap Rate Calculator
About this template
It is built for people who want results without another subscription: investors quickly screening properties. It is completely free — copy it and it is yours to keep. Because it is a plain spreadsheet, you own your data outright and can shape every column to how you actually work.
Review evidence
What to verify before choosing Cap Rate Calculator
Use the review criteria below to decide whether this template fits your workflow.
Often worth considering when
- +Investors quickly screening properties
- +Anyone comparing cap rates apples-to-apples
Pause before choosing when
- -Full deal underwriting
- -Live market data
About Real Estate Investing
Why people consider this option
- +Analyze deals before you buy without paid REI software
- +Run the numbers on cash flow, cap rate, and BRRRR
- +Compare properties on the same criteria
What to review before acting
- -No MLS or live comp data
- -Inputs are only as good as your estimates
Trust FAQ
Questions people ask before copying a template
Does the Cap Rate Calculator work in both Google Sheets and Excel?
Yes. It is built with standard functions and no macros, so it opens and works the same in Google Sheets or Microsoft Excel — on desktop or your phone.
Is the Cap Rate Calculator really free?
Yes, it is completely free to copy and keep. There is no account, paywall, or trial.
What does the Cap Rate Calculator track?
It tracks noi, price, cap rate, grm, cash flow. The starter CSV lays out these columns in order; add totals or highlights with basic formulas like SUM once your data is in.