ZIP CODE 95608 // SACRAMENTO-ROSEVILLE-FOLSOM, CA // DATA AS OF 2026-09-30
Carmichael, CA (95608) Rental Property Cap Rate & Cash Flow Report
Located in Sacramento County (Carmichael, CA), Zip Code 95608 ranks #415 of 500 within this selected sample (17th percentile) with a Zillow ZHVI typical home-value index of $563,163 (+0.4% YoY) and a ZORI observed market rent of $1,784/mo (+0.6% YoY). Requires at least 72.3% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,863/mo
Annual: -$22,361/yr
Modeled Cap Rate
2.10%
NOI: $11,811/yr
Cash-on-Cash Return
-17.26%
Cash Needed: $129,527
1% Rule Ratio
0.32%
Gross Yield: 3.80%
Break-Even Rent
$3,926/mo
State Tax: 0.71%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 95608 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (CA Avg 0.71%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,848/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$800/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (95608)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $532,854 | $1,564/mo | 3.52% |
| 2022 | $573,160 | $1,712/mo | 3.58% |
| 2023 | $553,903 | $1,725/mo | 3.74% |
| 2024 | $572,413 | $1,756/mo | 3.68% |
| 2025 | $561,054 | $1,773/mo | 3.79% |
| 2026 | $563,163 | $1,784/mo | 3.80% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 91709 Chino Hills, CA | $973,347 | $3,088/mo | 2.10% | -$3,217/mo |
| 91977 Spring Valley, CA | $762,925 | $2,425/mo | 2.11% | -$2,517/mo |
| 91402 Los Angeles, CA | $692,980 | $2,208/mo | 2.12% | -$2,282/mo |
| 90731 Los Angeles, CA | $822,360 | $2,588/mo | 2.08% | -$2,736/mo |
| 92703 Santa Ana, CA | $818,104 | $2,554/mo | 2.05% | -$2,740/mo |
| 90022 East Los Angeles, CA | $676,218 | $2,109/mo | 2.05% | -$2,266/mo |