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

Erma, NJ has a median modeled monthly cash flow of $-1,199 and a median cap rate of 3.0%, on a median sold price of $412,500. Prices changed -9.4% year over year.

What is the average cap rate in Erma, NJ?

The median cap rate across recently sold homes in Erma, NJ is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Erma, NJ?

The median sold price in Erma, NJ is $412,500 (about $270 per square foot).

Investing in Erma, NJ Real Estate

A data-driven snapshot of the Erma, 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.

$412,500Median sold price

$270Median $/sqft

3.0%Median cap rate

$-1,199Modeled cash flow / mo

-9.4%Appreciation YoY

1.2Months of supply

4Active listings

40Sold (last 12 mo)

What the Erma numbers say

In Erma, NJ, the median home sold for $412,500 (about $270 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-1,199 of monthly cash flow. Sold prices moved -9.4% over the past year. Inventory sits at about 1.2 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 Erma cash-flowing listings

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