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

Penfield, NY has a median modeled monthly cash flow of $-849 and a median cap rate of 3.4%, on a median sold price of $365,000. Prices changed +4.4% year over year.

What is the average cap rate in Penfield, NY?

The median cap rate across recently sold homes in Penfield, NY is 3.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Penfield, NY?

The median sold price in Penfield, NY is $365,000 (about $215 per square foot).

Investing in Penfield, NY Real Estate

A data-driven snapshot of the Penfield, 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.

$365,000Median sold price

$215Median $/sqft

3.4%Median cap rate

$-849Modeled cash flow / mo

+4.4%Appreciation YoY

6.2Months of supply

124Active listings

239Sold (last 12 mo)

What the Penfield numbers say

In Penfield, NY, the median home sold for $365,000 (about $215 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-849 of monthly cash flow. Sold prices moved +4.4% over the past year. Inventory sits at about 6.2 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 Penfield cash-flowing listings

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