Is South Pasadena, FL a good place to invest in rental property?

South Pasadena, FL has a median modeled monthly cash flow of $-965 and a median cap rate of 1.1%, on a median sold price of $294,000. Prices changed -12.5% year over year.

What is the average cap rate in South Pasadena, FL?

The median cap rate across recently sold homes in South Pasadena, FL is 1.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in South Pasadena, FL?

The median sold price in South Pasadena, FL is $294,000 (about $263 per square foot).

Investing in South Pasadena, FL Real Estate

A data-driven snapshot of the South Pasadena, FL 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.

$294,000Median sold price

$263Median $/sqft

1.1%Median cap rate

$-965Modeled cash flow / mo

-12.5%Appreciation YoY

21.9Months of supply

263Active listings

144Sold (last 12 mo)

What the South Pasadena numbers say

In South Pasadena, FL, the median home sold for $294,000 (about $263 per square foot), and the typical deal models out to a 1.1% cap rate with a median $-965 of monthly cash flow. Sold prices moved -12.5% over the past year. Inventory sits at about 21.9 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 4 fix-and-flip deals in South Pasadena — listings where the estimated after-repair value beats list price + rehab.

Other Florida markets to compare

See South Pasadena cash-flowing listings

CashFlowRE ranks every for-sale home in South Pasadena, FL 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 South Pasadena deals, or browse the national market data.