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

Gates, NY has a median modeled monthly cash flow of $-75 and a median cap rate of 5.9%, on a median sold price of $250,000. Prices changed +3.6% year over year.

What is the average cap rate in Gates, NY?

The median cap rate across recently sold homes in Gates, NY is 5.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Gates, NY?

The median sold price in Gates, NY is $250,000 (about $172 per square foot).

Investing in Gates, NY Real Estate

A data-driven snapshot of the Gates, 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.

$250,000Median sold price

$172Median $/sqft

5.9%Median cap rate

$-75Modeled cash flow / mo

+3.6%Appreciation YoY

4.0Months of supply

81Active listings

244Sold (last 12 mo)

What the Gates numbers say

In Gates, NY, the median home sold for $250,000 (about $172 per square foot), and the typical deal models out to a 5.9% cap rate with a median $-75 of monthly cash flow. Sold prices moved +3.6% over the past year. Inventory sits at about 4.0 months of supply. 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 Gates cash-flowing listings

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