Is Andover, NJ a good place to invest in rental property?

Andover, NJ has a median modeled monthly cash flow of $-2,495 and a median cap rate of 0.1%, on a median sold price of $445,000. Prices changed n/a year over year.

What is the average cap rate in Andover, NJ?

The median cap rate across recently sold homes in Andover, NJ is 0.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Andover, NJ?

The median sold price in Andover, NJ is $445,000.

Investing in Andover, NJ Real Estate

A data-driven snapshot of the Andover, NJ 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.

$445,000Median sold price

—Median $/sqft

0.1%Median cap rate

$-2,495Modeled cash flow / mo

—Appreciation YoY

2.3Months of supply

10Active listings

52Sold (last 12 mo)

What the Andover numbers say

In Andover, NJ, the median home sold for $445,000, and the typical deal models out to a 0.1% cap rate with a median $-2,495 of monthly cash flow. Inventory sits at about 2.3 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Jersey markets to compare

See Andover cash-flowing listings

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