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Inversión
Cap rateTasa de capitalización
La tasa de capitalización expresa el ingreso operativo neto anual de una propiedad como porcentaje de su valor o precio de compra. Permite a los inversores comparar la rentabilidad por ingresos de distintos activos, independientemente de cómo se haya financiado cada compra.
Cómo se calcula Cap rate
Cap rate = (Annual NOI ÷ Property value) × 100
Por qué Cap rate importa para tus ingresos
La tasa de capitalización es la medida de referencia al elegir entre mercados o activos. Como se calcula a partir del NOI, subestimar los costos operativos la infla; por eso, las tasas de capitalización anunciadas para alquileres de corta estancia siempre deben contrastarse con los gastos reales.
Términos relacionados
- Net operating incomeNet operating income is the revenue a property generates after operating expenses but before mortgage payments, depreciation and income tax. Operating expenses include management, cleaning, utilities, insurance, supplies and routine maintenance.
- Rental yieldRental yield is annual rental income as a percentage of property value. Gross yield uses income before costs; net yield uses income after operating expenses and is the more meaningful figure for comparing investments.
- STR vs LTRSTR versus LTR is the comparison between letting a property to short-staying guests and letting it to a tenant on a long lease. Short-term letting typically produces higher gross income with higher costs, more variability and more regulation; long-term letting produces lower, steadier income.
- RevPANRevenue Per Available Night is the short-term rental equivalent of RevPAR, applied to a whole property rather than a hotel room. It divides total booking revenue by every night the property was available in the period, including nights blocked for maintenance only if they were bookable.
Revenue Management en Pinnacle Path
Cap rate forma parte de nuestro trabajo de revenue management. Descubre cómo lo aplicamos en cada mercado.