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

Red Oak, NC has a median modeled monthly cash flow of $-1,763 and a median cap rate of 1.6%, on a median sold price of $374,900. Prices changed +0.6% year over year.

What is the average cap rate in Red Oak, NC?

The median cap rate across recently sold homes in Red Oak, NC is 1.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Red Oak, NC?

The median sold price in Red Oak, NC is $374,900 (about $171 per square foot).

Investing in Red Oak, NC Real Estate

A data-driven snapshot of the Red Oak, 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.

$374,900Median sold price

$171Median $/sqft

1.6%Median cap rate

$-1,763Modeled cash flow / mo

+0.6%Appreciation YoY

5.9Months of supply

48Active listings

97Sold (last 12 mo)

What the Red Oak numbers say

In Red Oak, NC, the median home sold for $374,900 (about $171 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-1,763 of monthly cash flow. Sold prices moved +0.6% over the past year. Inventory sits at about 5.9 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 Red Oak cash-flowing listings

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