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

Elwood, NY has a median modeled monthly cash flow of $-2,677 and a median cap rate of 2.7%, on a median sold price of $882,500. Prices changed +27.6% year over year.

What is the average cap rate in Elwood, NY?

The median cap rate across recently sold homes in Elwood, NY is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elwood, NY?

The median sold price in Elwood, NY is $882,500 (about $402 per square foot).

Investing in Elwood, NY Real Estate

A data-driven snapshot of the Elwood, 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.

$882,500Median sold price

$402Median $/sqft

2.7%Median cap rate

$-2,677Modeled cash flow / mo

+27.6%Appreciation YoY

10.5Months of supply

61Active listings

70Sold (last 12 mo)

What the Elwood numbers say

In Elwood, NY, the median home sold for $882,500 (about $402 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-2,677 of monthly cash flow. Sold prices moved +27.6% over the past year. Inventory sits at about 10.5 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 Elwood cash-flowing listings

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