Passaic cap rate
Cap rate
1.6%
Ranks #2,886 of 3,071 U.S. counties, in the top 94%.
- vs. national median3.5%Passaic is lower than the U.S. median
- vs. New Jersey median2.6%Passaic is lower than the New Jersey median
What cap rate means
Capitalization rate estimates the annual return on a rental property before financing: gross rent divided by purchase price. Higher cap rates mean stronger cash flow relative to price, which investors weigh against appreciation potential and risk. We estimate it from local rents and home values; verify against an actual listing before underwriting a deal.