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

Rapids, NY has a median modeled monthly cash flow of $-631 and a median cap rate of 3.5%, on a median sold price of $312,000. Prices changed +1.0% year over year.

What is the average cap rate in Rapids, NY?

The median cap rate across recently sold homes in Rapids, NY is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Rapids, NY?

The median sold price in Rapids, NY is $312,000 (about $201 per square foot).

Investing in Rapids, NY Real Estate

A data-driven snapshot of the Rapids, 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.

$312,000Median sold price

$201Median $/sqft

3.5%Median cap rate

$-631Modeled cash flow / mo

+1.0%Appreciation YoY

4.9Months of supply

24Active listings

59Sold (last 12 mo)

What the Rapids numbers say

In Rapids, NY, the median home sold for $312,000 (about $201 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-631 of monthly cash flow. Sold prices moved +1.0% over the past year. Inventory sits at about 4.9 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 Rapids cash-flowing listings

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