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

Old Tappan, NJ has a median modeled monthly cash flow of $-646 and a median cap rate of 5.5%, on a median sold price of $1,070,000. Prices changed n/a year over year.

What is the average cap rate in Old Tappan, NJ?

The median cap rate across recently sold homes in Old Tappan, NJ is 5.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Old Tappan, NJ?

The median sold price in Old Tappan, NJ is $1,070,000 (about $328 per square foot).

Investing in Old Tappan, NJ Real Estate

A data-driven snapshot of the Old Tappan, 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.

$1,070,000Median sold price

$328Median $/sqft

5.5%Median cap rate

$-646Modeled cash flow / mo

—Appreciation YoY

0.1Months of supply

1Active listings

87Sold (last 12 mo)

What the Old Tappan numbers say

In Old Tappan, NJ, the median home sold for $1,070,000 (about $328 per square foot), and the typical deal models out to a 5.5% cap rate with a median $-646 of monthly cash flow. Inventory sits at about 0.1 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 Old Tappan cash-flowing listings

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