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

Phelps, NY has a median modeled monthly cash flow of $-1,203 and a median cap rate of 1.9%, on a median sold price of $206,000. Prices changed +7.8% year over year.

What is the average cap rate in Phelps, NY?

The median cap rate across recently sold homes in Phelps, NY is 1.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Phelps, NY?

The median sold price in Phelps, NY is $206,000 (about $131 per square foot).

Investing in Phelps, NY Real Estate

A data-driven snapshot of the Phelps, 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.

$206,000Median sold price

$131Median $/sqft

1.9%Median cap rate

$-1,203Modeled cash flow / mo

+7.8%Appreciation YoY

3.2Months of supply

9Active listings

34Sold (last 12 mo)

What the Phelps numbers say

In Phelps, NY, the median home sold for $206,000 (about $131 per square foot), and the typical deal models out to a 1.9% cap rate with a median $-1,203 of monthly cash flow. Sold prices moved +7.8% over the past year. Inventory sits at about 3.2 months of supply — a tight, seller-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 Phelps cash-flowing listings

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