Is North Cape May, NJ a good place to invest in rental property?

North Cape May, NJ has a median modeled monthly cash flow of $-2,004 and a median cap rate of 1.9%, on a median sold price of $587,030. Prices changed +0.2% year over year.

What is the average cap rate in North Cape May, NJ?

The median cap rate across recently sold homes in North Cape May, NJ is 1.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in North Cape May, NJ?

The median sold price in North Cape May, NJ is $587,030 (about $473 per square foot).

Investing in North Cape May, NJ Real Estate

A data-driven snapshot of the North Cape May, 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.

$587,030Median sold price

$473Median $/sqft

1.9%Median cap rate

$-2,004Modeled cash flow / mo

+0.2%Appreciation YoY

4.4Months of supply

29Active listings

80Sold (last 12 mo)

What the North Cape May numbers say

In North Cape May, NJ, the median home sold for $587,030 (about $473 per square foot), and the typical deal models out to a 1.9% cap rate with a median $-2,004 of monthly cash flow. Sold prices moved +0.2% over the past year. Inventory sits at about 4.4 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 North Cape May cash-flowing listings

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