Is Cleveland, NY a good place to invest in rental property?

Cleveland, NY has a median modeled monthly cash flow of $-660 and a median cap rate of 3.2%, on a median sold price of $250,550. Prices changed +19.4% year over year.

What is the average cap rate in Cleveland, NY?

The median cap rate across recently sold homes in Cleveland, NY is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cleveland, NY?

The median sold price in Cleveland, NY is $250,550 (about $190 per square foot).

Investing in Cleveland, NY Real Estate

A data-driven snapshot of the Cleveland, NY 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.

$250,550Median sold price

$190Median $/sqft

3.2%Median cap rate

$-660Modeled cash flow / mo

+19.4%Appreciation YoY

8.6Months of supply

36Active listings

50Sold (last 12 mo)

What the Cleveland numbers say

In Cleveland, NY, the median home sold for $250,550 (about $190 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-660 of monthly cash flow. Sold prices moved +19.4% over the past year. Inventory sits at about 8.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Cleveland cash-flowing listings

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