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

Garfield, NJ has a median modeled monthly cash flow of $-1,048 and a median cap rate of 4.3%, on a median sold price of $650,000. Prices changed n/a year over year.

What is the average cap rate in Garfield, NJ?

The median cap rate across recently sold homes in Garfield, NJ is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Garfield, NJ?

The median sold price in Garfield, NJ is $650,000.

Investing in Garfield, NJ Real Estate

A data-driven snapshot of the Garfield, 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.

$650,000Median sold price

—Median $/sqft

4.3%Median cap rate

$-1,048Modeled cash flow / mo

—Appreciation YoY

5.3Months of supply

68Active listings

155Sold (last 12 mo)

What the Garfield numbers say

In Garfield, NJ, the median home sold for $650,000, and the typical deal models out to a 4.3% cap rate with a median $-1,048 of monthly cash flow. Inventory sits at about 5.3 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 Garfield cash-flowing listings

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