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

Passaic, NJ has a median modeled monthly cash flow of $-774 and a median cap rate of 4.5%, on a median sold price of $560,000. Prices changed +32.0% year over year.

What is the average cap rate in Passaic, NJ?

The median cap rate across recently sold homes in Passaic, NJ is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Passaic, NJ?

The median sold price in Passaic, NJ is $560,000 (about $446 per square foot).

Investing in Passaic, NJ Real Estate

A data-driven snapshot of the Passaic, 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

$446Median $/sqft

4.5%Median cap rate

$-774Modeled cash flow / mo

+32.0%Appreciation YoY

6.5Months of supply

73Active listings

134Sold (last 12 mo)

What the Passaic numbers say

In Passaic, NJ, the median home sold for $560,000 (about $446 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-774 of monthly cash flow. Sold prices moved +32.0% over the past year. Inventory sits at about 6.5 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 Passaic cash-flowing listings

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