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

Penn Yan, NY has a median modeled monthly cash flow of $-1,511 and a median cap rate of 1.1%, on a median sold price of $300,000. Prices changed +0.8% year over year.

What is the average cap rate in Penn Yan, NY?

The median cap rate across recently sold homes in Penn Yan, NY is 1.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Penn Yan, NY?

The median sold price in Penn Yan, NY is $300,000 (about $196 per square foot).

Investing in Penn Yan, NY Real Estate

A data-driven snapshot of the Penn Yan, 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.

$300,000Median sold price

$196Median $/sqft

1.1%Median cap rate

$-1,511Modeled cash flow / mo

+0.8%Appreciation YoY

8.3Months of supply

64Active listings

93Sold (last 12 mo)

What the Penn Yan numbers say

In Penn Yan, NY, the median home sold for $300,000 (about $196 per square foot), and the typical deal models out to a 1.1% cap rate with a median $-1,511 of monthly cash flow. Sold prices moved +0.8% over the past year. Inventory sits at about 8.3 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 Penn Yan cash-flowing listings

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