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

Otego, NY has a median modeled monthly cash flow of $-1,133 and a median cap rate of 1.7%, on a median sold price of $178,000. Prices changed +20.5% year over year.

What is the average cap rate in Otego, NY?

The median cap rate across recently sold homes in Otego, NY is 1.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Otego, NY?

The median sold price in Otego, NY is $178,000 (about $153 per square foot).

Investing in Otego, NY Real Estate

A data-driven snapshot of the Otego, 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.

$178,000Median sold price

$153Median $/sqft

1.7%Median cap rate

$-1,133Modeled cash flow / mo

+20.5%Appreciation YoY

6.0Months of supply

16Active listings

32Sold (last 12 mo)

What the Otego numbers say

In Otego, NY, the median home sold for $178,000 (about $153 per square foot), and the typical deal models out to a 1.7% cap rate with a median $-1,133 of monthly cash flow. Sold prices moved +20.5% over the past year. Inventory sits at about 6.0 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 Otego cash-flowing listings

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