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

Denville, NJ has a median modeled monthly cash flow of $-2,339 and a median cap rate of 2.8%, on a median sold price of $710,000. Prices changed -21.3% year over year.

What is the average cap rate in Denville, NJ?

The median cap rate across recently sold homes in Denville, NJ is 2.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Denville, NJ?

The median sold price in Denville, NJ is $710,000 (about $304 per square foot).

Investing in Denville, NJ Real Estate

A data-driven snapshot of the Denville, 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.

$710,000Median sold price

$304Median $/sqft

2.8%Median cap rate

$-2,339Modeled cash flow / mo

-21.3%Appreciation YoY

3.9Months of supply

71Active listings

219Sold (last 12 mo)

What the Denville numbers say

In Denville, NJ, the median home sold for $710,000 (about $304 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-2,339 of monthly cash flow. Sold prices moved -21.3% over the past year. Inventory sits at about 3.9 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 Denville cash-flowing listings

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