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

East Hanover, NJ has a median modeled monthly cash flow of $-3,101 and a median cap rate of 2.5%, on a median sold price of $936,000. Prices changed n/a year over year.

What is the average cap rate in East Hanover, NJ?

The median cap rate across recently sold homes in East Hanover, NJ is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in East Hanover, NJ?

The median sold price in East Hanover, NJ is $936,000.

Investing in East Hanover, NJ Real Estate

A data-driven snapshot of the East Hanover, 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.

$936,000Median sold price

—Median $/sqft

2.5%Median cap rate

$-3,101Modeled cash flow / mo

—Appreciation YoY

5.2Months of supply

50Active listings

116Sold (last 12 mo)

What the East Hanover numbers say

In East Hanover, NJ, the median home sold for $936,000, and the typical deal models out to a 2.5% cap rate with a median $-3,101 of monthly cash flow. Inventory sits at about 5.2 months of supply. 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 East Hanover cash-flowing listings

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