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 $-2,430 and a median cap rate of 1.8%, on a median sold price of $560,000. Prices changed -0.1% 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 1.8%, 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 $560,000 (about $472 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.

$560,000Median sold price

$472Median $/sqft

1.8%Median cap rate

$-2,430Modeled cash flow / mo

-0.1%Appreciation YoY

5.5Months of supply

35Active listings

76Sold (last 12 mo)

What the North Cape May numbers say

In North Cape May, NJ, the median home sold for $560,000 (about $472 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-2,430 of monthly cash flow. Sold prices moved -0.1% over the past year. Inventory sits at about 5.5 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.