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Cap Rate Analysis: Dublin, OH

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

Challenging for pure cash flow
Based on $445,000 median price and $1,920/mo median rent
Est. Cap Rate
2.63%
1% Rule
0.43%
Fails
GRM
19.3x
Price / Income
4.0x

Market Data

Median Home Price$445,000
Median Monthly Rent$1,920
Property Tax Rate1.54%
Population52,000
Population Growth1.5% / yr
Median Household Income$112,000
Vacancy Rate4%
Annual Appreciation3.2%

Cap Rate Calculator — Dublin

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

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.54% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.10%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$9,338
net operating income
Gross Rent Multiplier
19.3x
High (>15)
1% Rule
0.43%
✗ Fails
Monthly Cash Flow
$778
before debt service
Annual Breakdown
Gross Rental Income$23,040
Less Vacancy−$922
Effective Income$22,118
Less Operating Expenses−$12,780
Net Operating Income$9,338

Cash-on-Cash Return — Dublin

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

$
$111,250
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-10.23%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$124,600
$111,250 down + $13,350 closing
Monthly Mortgage
$2,176
on $334K loan
Monthly Cash Flow
$-1,062
after all expenses
Annual Cash Flow
$-12,742
before taxes
Cash Flow Breakdown
Monthly Rent$1,920
Less Expenses−$806
Less Mortgage−$2,176
Monthly Cash Flow$-1,062

Is Dublin a Good Place to Invest in Rental Property?

Dublin, OH has a population of 52,000 and has been growing at 1.5% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $445,000 paired with median rents of $1,920/mo produces an estimated cap rate of 2.63%.

Property taxes at 1.54% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 4% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.

At a price-to-income ratio of 4.0x, homes cost about 4.0 times the local median income of $112,000. 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: At current median prices, Dublin 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.

Run a BRRRR analysis for Dublin
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