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

Lake Carmel, NY has a median modeled monthly cash flow of $-1,440 and a median cap rate of 2.3%, on a median sold price of $461,000. Prices changed +3.6% year over year.

What is the average cap rate in Lake Carmel, NY?

The median cap rate across recently sold homes in Lake Carmel, NY is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lake Carmel, NY?

The median sold price in Lake Carmel, NY is $461,000 (about $285 per square foot).

Investing in Lake Carmel, NY Real Estate

A data-driven snapshot of the Lake Carmel, 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.

$461,000Median sold price

$285Median $/sqft

2.3%Median cap rate

$-1,440Modeled cash flow / mo

+3.6%Appreciation YoY

7.8Months of supply

103Active listings

158Sold (last 12 mo)

What the Lake Carmel numbers say

In Lake Carmel, NY, the median home sold for $461,000 (about $285 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-1,440 of monthly cash flow. Sold prices moved +3.6% over the past year. Inventory sits at about 7.8 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 Lake Carmel cash-flowing listings

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