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

Riverhead, NY has a median modeled monthly cash flow of $-709 and a median cap rate of 4.6%, on a median sold price of $575,000. Prices changed +9.6% year over year.

What is the average cap rate in Riverhead, NY?

The median cap rate across recently sold homes in Riverhead, NY is 4.6%, 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 $575,000 (about $394 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.

$575,000Median sold price

$394Median $/sqft

4.6%Median cap rate

$-709Modeled cash flow / mo

+9.6%Appreciation YoY

7.5Months of supply

65Active listings

104Sold (last 12 mo)

What the Riverhead numbers say

In Riverhead, NY, the median home sold for $575,000 (about $394 per square foot), and the typical deal models out to a 4.6% cap rate with a median $-709 of monthly cash flow. Sold prices moved +9.6% over the past year. Inventory sits at about 7.5 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.