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

Rockaway, NJ has a median modeled monthly cash flow of $-2,070 and a median cap rate of 1.7%, on a median sold price of $563,750. Prices changed +71.1% year over year.

What is the average cap rate in Rockaway, NJ?

The median cap rate across recently sold homes in Rockaway, NJ is 1.7%, 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 $563,750 (about $394 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.

$563,750Median sold price

$394Median $/sqft

1.7%Median cap rate

$-2,070Modeled cash flow / mo

+71.1%Appreciation YoY

2.9Months of supply

37Active listings

152Sold (last 12 mo)

What the Rockaway numbers say

In Rockaway, NJ, the median home sold for $563,750 (about $394 per square foot), and the typical deal models out to a 1.7% cap rate with a median $-2,070 of monthly cash flow. Sold prices moved +71.1% over the past year. Inventory sits at about 2.9 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.