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

Lima, NY has a median modeled monthly cash flow of $-614 and a median cap rate of 3.0%, on a median sold price of $332,000. Prices changed +42.3% year over year.

What is the average cap rate in Lima, NY?

The median cap rate across recently sold homes in Lima, NY is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lima, NY?

The median sold price in Lima, NY is $332,000 (about $195 per square foot).

Investing in Lima, NY Real Estate

A data-driven snapshot of the Lima, 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.

$332,000Median sold price

$195Median $/sqft

3.0%Median cap rate

$-614Modeled cash flow / mo

+42.3%Appreciation YoY

10.8Months of supply

28Active listings

31Sold (last 12 mo)

What the Lima numbers say

In Lima, NY, the median home sold for $332,000 (about $195 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-614 of monthly cash flow. Sold prices moved +42.3% over the past year. Inventory sits at about 10.8 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 Lima cash-flowing listings

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