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

Rockaway, NJ has a median modeled monthly cash flow of $-2,379 and a median cap rate of 0.9%, on a median sold price of $573,650. Prices changed n/a year over year.

What is the average cap rate in Rockaway, NJ?

The median cap rate across recently sold homes in Rockaway, NJ is 0.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Rockaway, NJ?

The median sold price in Rockaway, NJ is $573,650 (about $417 per square foot).

Investing in Rockaway, NJ Real Estate

A data-driven snapshot of the Rockaway, 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.

$573,650Median sold price

$417Median $/sqft

0.8%Median cap rate

$-2,379Modeled cash flow / mo

—Appreciation YoY

1.6Months of supply

22Active listings

166Sold (last 12 mo)

What the Rockaway numbers say

In Rockaway, NJ, the median home sold for $573,650 (about $417 per square foot), and the typical deal models out to a 0.8% cap rate with a median $-2,379 of monthly cash flow. Inventory sits at about 1.6 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 Rockaway cash-flowing listings

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