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Cap Rate Analysis: Ogden, UT

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

Challenging for pure cash flow
Based on $350,000 median price and $1,420/mo median rent
Est. Cap Rate
3.26%
1% Rule
0.41%
Fails
GRM
20.5x
Price / Income
7.2x

Market Data

Median Home Price$350,000
Median Monthly Rent$1,420
Property Tax Rate0.59%
Population87,773
Population Growth1.2% / yr
Median Household Income$48,600
Vacancy Rate4.5%
Annual Appreciation2.7%

Cap Rate Calculator — Ogden

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

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.59% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.78%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$9,733
net operating income
Gross Rent Multiplier
20.5x
High (>15)
1% Rule
0.41%
✗ Fails
Monthly Cash Flow
$811
before debt service
Annual Breakdown
Gross Rental Income$17,040
Less Vacancy−$767
Effective Income$16,273
Less Operating Expenses−$6,540
Net Operating Income$9,733

Cash-on-Cash Return — Ogden

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

$
$87,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-10.86%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$98,000
$87,500 down + $10,500 closing
Monthly Mortgage
$1,711
on $263K loan
Monthly Cash Flow
$-887
after all expenses
Annual Cash Flow
$-10,648
before taxes
Cash Flow Breakdown
Monthly Rent$1,420
Less Expenses−$596
Less Mortgage−$1,711
Monthly Cash Flow$-887

Is Ogden a Good Place to Invest in Rental Property?

Ogden, UT has a population of 87,773 and has been growing at 1.2% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $350,000 paired with median rents of $1,420/mo produces an estimated cap rate of 3.26%.

Property taxes at 0.59% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 4.5% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.

At a price-to-income ratio of 7.2x, homes cost about 7.2 times the local median income of $48,600. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.7% 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, Ogden 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.

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