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

Riverhead, NY has a median modeled monthly cash flow of $-1,157 and a median cap rate of 3.8%, on a median sold price of $597,500. Prices changed +7.0% year over year.

What is the average cap rate in Riverhead, NY?

The median cap rate across recently sold homes in Riverhead, NY is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Riverhead, NY?

The median sold price in Riverhead, NY is $597,500 (about $396 per square foot).

Investing in Riverhead, NY Real Estate

A data-driven snapshot of the Riverhead, 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.

$597,500Median sold price

$396Median $/sqft

3.8%Median cap rate

$-1,157Modeled cash flow / mo

+7.0%Appreciation YoY

16.3Months of supply

144Active listings

106Sold (last 12 mo)

What the Riverhead numbers say

In Riverhead, NY, the median home sold for $597,500 (about $396 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-1,157 of monthly cash flow. Sold prices moved +7.0% over the past year. Inventory sits at about 16.3 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 Riverhead cash-flowing listings

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