Is Otto, NC a good place to invest in rental property?

Otto, NC has a median modeled monthly cash flow of $-1,552 and a median cap rate of 1.5%, on a median sold price of $240,000. Prices changed -17.7% year over year.

What is the average cap rate in Otto, NC?

The median cap rate across recently sold homes in Otto, NC is 1.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Otto, NC?

The median sold price in Otto, NC is $240,000 (about $230 per square foot).

Investing in Otto, NC Real Estate

A data-driven snapshot of the Otto, NC 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.

$240,000Median sold price

$230Median $/sqft

1.5%Median cap rate

$-1,552Modeled cash flow / mo

-17.7%Appreciation YoY

5.0Months of supply

19Active listings

46Sold (last 12 mo)

What the Otto numbers say

In Otto, NC, the median home sold for $240,000 (about $230 per square foot), and the typical deal models out to a 1.5% cap rate with a median $-1,552 of monthly cash flow. Sold prices moved -17.7% over the past year. Inventory sits at about 5.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other North Carolina markets to compare

See Otto cash-flowing listings

CashFlowRE ranks every for-sale home in Otto, NC 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 Otto deals, or browse the national market data.