Is Elma, WA a good place to invest in rental property?

Elma, WA has a median modeled monthly cash flow of $-1,285 and a median cap rate of 2.3%, on a median sold price of $350,000. Prices changed -4.9% year over year.

What is the average cap rate in Elma, WA?

The median cap rate across recently sold homes in Elma, WA is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elma, WA?

The median sold price in Elma, WA is $350,000 (about $255 per square foot).

Investing in Elma, WA Real Estate

A data-driven snapshot of the Elma, WA 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.

$350,000Median sold price

$255Median $/sqft

2.3%Median cap rate

$-1,285Modeled cash flow / mo

-4.9%Appreciation YoY

7.0Months of supply

81Active listings

139Sold (last 12 mo)

What the Elma numbers say

In Elma, WA, the median home sold for $350,000 (about $255 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-1,285 of monthly cash flow. Sold prices moved -4.9% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Washington markets to compare

See Elma cash-flowing listings

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