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

Fire Island, NY has a median modeled monthly cash flow of $-6,584 and a median cap rate of 0.7%, on a median sold price of $1,300,000. Prices changed -9.4% year over year.

What is the average cap rate in Fire Island, NY?

The median cap rate across recently sold homes in Fire Island, NY is 0.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Fire Island, NY?

The median sold price in Fire Island, NY is $1,300,000 (about $916 per square foot).

Investing in Fire Island, NY Real Estate

A data-driven snapshot of the Fire Island, 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.

$1,300,000Median sold price

$916Median $/sqft

0.7%Median cap rate

$-6,584Modeled cash flow / mo

-9.4%Appreciation YoY

31.5Months of supply

97Active listings

37Sold (last 12 mo)

What the Fire Island numbers say

In Fire Island, NY, the median home sold for $1,300,000 (about $916 per square foot), and the typical deal models out to a 0.7% cap rate with a median $-6,584 of monthly cash flow. Sold prices moved -9.4% over the past year. Inventory sits at about 31.5 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 Fire Island cash-flowing listings

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