Is Watertown, CT a good place to invest in rental property?

Watertown, CT has a median modeled monthly cash flow of $-905 and a median cap rate of 3.5%, on a median sold price of $375,000. Prices changed +2.1% year over year.

What is the average cap rate in Watertown, CT?

The median cap rate across recently sold homes in Watertown, CT is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Watertown, CT?

The median sold price in Watertown, CT is $375,000 (about $224 per square foot).

Investing in Watertown, CT Real Estate

A data-driven snapshot of the Watertown, CT rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$375,000Median sold price

$224Median $/sqft

3.5%Median cap rate

$-905Modeled cash flow / mo

+2.1%Appreciation YoY

6.4Months of supply

74Active listings

139Sold (last 12 mo)

What the Watertown numbers say

In Watertown, CT, the median home sold for $375,000 (about $224 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-905 of monthly cash flow. Sold prices moved +2.1% over the past year. Inventory sits at about 6.4 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Connecticut markets to compare

See Watertown cash-flowing listings

CashFlowRE ranks every for-sale home in Watertown, CT by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Watertown deals, or browse the national market data.