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

Lake Grove, NY has a median modeled monthly cash flow of $-2,295 and a median cap rate of 2.3%, on a median sold price of $700,000. Prices changed -7.9% 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 $700,000 (about $350 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.

$700,000Median sold price

$350Median $/sqft

2.3%Median cap rate

$-2,295Modeled cash flow / mo

-7.9%Appreciation YoY

6.9Months of supply

52Active listings

91Sold (last 12 mo)

What the Lake Grove numbers say

In Lake Grove, NY, the median home sold for $700,000 (about $350 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-2,295 of monthly cash flow. Sold prices moved -7.9% over the past year. Inventory sits at about 6.9 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 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.