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

Elma Center, NY has a median modeled monthly cash flow of $-1,374 and a median cap rate of 1.6%, on a median sold price of $450,000. Prices changed +1.2% year over year.

What is the average cap rate in Elma Center, NY?

The median cap rate across recently sold homes in Elma Center, NY is 1.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elma Center, NY?

The median sold price in Elma Center, NY is $450,000 (about $214 per square foot).

Investing in Elma Center, NY Real Estate

A data-driven snapshot of the Elma Center, 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.

$450,000Median sold price

$214Median $/sqft

1.6%Median cap rate

$-1,374Modeled cash flow / mo

+1.2%Appreciation YoY

13.8Months of supply

38Active listings

33Sold (last 12 mo)

What the Elma Center numbers say

In Elma Center, NY, the median home sold for $450,000 (about $214 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-1,374 of monthly cash flow. Sold prices moved +1.2% over the past year. Inventory sits at about 13.8 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 Elma Center cash-flowing listings

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