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

Lake Grove, NY has a median modeled monthly cash flow of $-2,258 and a median cap rate of 2.3%, on a median sold price of $730,000. Prices changed -3.4% year over year.

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

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

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

The median sold price in Lake Grove, NY is $730,000 (about $358 per square foot).

Investing in Lake Grove, NY Real Estate

A data-driven snapshot of the Lake Grove, 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.

$730,000Median sold price

$358Median $/sqft

2.3%Median cap rate

$-2,258Modeled cash flow / mo

-3.4%Appreciation YoY

9.6Months of supply

76Active listings

95Sold (last 12 mo)

What the Lake Grove numbers say

In Lake Grove, NY, the median home sold for $730,000 (about $358 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-2,258 of monthly cash flow. Sold prices moved -3.4% over the past year. Inventory sits at about 9.6 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 Grove cash-flowing listings

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