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Cap Rate Analysis: Green Bay, WI

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

Challenging for pure cash flow
Based on $210,000 median price and $1,100/mo median rent
Est. Cap Rate
3.26%
1% Rule
0.52%
Fails
GRM
15.9x
Price / Income
4.2x

Market Data

Median Home Price$210,000
Median Monthly Rent$1,100
Property Tax Rate1.88%
Population108,800
Population Growth0.5% / yr
Median Household Income$50,200
Vacancy Rate5.5%
Annual Appreciation2.4%

Cap Rate Calculator — Green Bay

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

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.88% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.53%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$5,310
net operating income
Gross Rent Multiplier
15.9x
High (>15)
1% Rule
0.52%
✗ Fails
Monthly Cash Flow
$443
before debt service
Annual Breakdown
Gross Rental Income$13,200
Less Vacancy−$726
Effective Income$12,474
Less Operating Expenses−$7,164
Net Operating Income$5,310

Cash-on-Cash Return — Green Bay

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

$
$52,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-7.93%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$58,800
$52,500 down + $6,300 closing
Monthly Mortgage
$1,027
on $158K loan
Monthly Cash Flow
$-389
after all expenses
Annual Cash Flow
$-4,665
before taxes
Cash Flow Breakdown
Monthly Rent$1,100
Less Expenses−$462
Less Mortgage−$1,027
Monthly Cash Flow$-389

Is Green Bay a Good Place to Invest in Rental Property?

Green Bay, WI has a population of 108,800 and has been growing at 0.5% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $210,000 paired with median rents of $1,100/mo produces an estimated cap rate of 3.26%.

Property taxes at 1.88% 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 5.5% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 4.2x, homes cost about 4.2 times the local median income of $50,200. 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 2.4% 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, Green Bay 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 Green Bay
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