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

Skaneateles, NY has a median modeled monthly cash flow of $-2,631 and a median cap rate of 2.0%, on a median sold price of $772,500. Prices changed +10.4% year over year.

What is the average cap rate in Skaneateles, NY?

The median cap rate across recently sold homes in Skaneateles, NY is 2.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Skaneateles, NY?

The median sold price in Skaneateles, NY is $772,500 (about $366 per square foot).

Investing in Skaneateles, NY Real Estate

A data-driven snapshot of the Skaneateles, 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.

$772,500Median sold price

$366Median $/sqft

2.0%Median cap rate

$-2,631Modeled cash flow / mo

+10.4%Appreciation YoY

5.2Months of supply

54Active listings

124Sold (last 12 mo)

What the Skaneateles numbers say

In Skaneateles, NY, the median home sold for $772,500 (about $366 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-2,631 of monthly cash flow. Sold prices moved +10.4% over the past year. Inventory sits at about 5.2 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 Skaneateles cash-flowing listings

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