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

West Elmira, NY has a median modeled monthly cash flow of $-345 and a median cap rate of 4.6%, on a median sold price of $223,500. Prices changed +11.5% year over year.

What is the average cap rate in West Elmira, NY?

The median cap rate across recently sold homes in West Elmira, NY is 4.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in West Elmira, NY?

The median sold price in West Elmira, NY is $223,500 (about $122 per square foot).

Investing in West Elmira, NY Real Estate

A data-driven snapshot of the West Elmira, 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.

$223,500Median sold price

$122Median $/sqft

4.6%Median cap rate

$-345Modeled cash flow / mo

+11.5%Appreciation YoY

6.2Months of supply

39Active listings

76Sold (last 12 mo)

What the West Elmira numbers say

In West Elmira, NY, the median home sold for $223,500 (about $122 per square foot), and the typical deal models out to a 4.6% cap rate with a median $-345 of monthly cash flow. Sold prices moved +11.5% over the past year. Inventory sits at about 6.2 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 West Elmira cash-flowing listings

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