ZIP CODE 93230 // HANFORD-CORCORAN, CA // DATA AS OF 2026-09-30
Hanford, CA (93230) Rental Property Cap Rate & Cash Flow Report
Located in Kings County (Hanford, CA), Zip Code 93230 ranks #108 of 500 within this selected sample (79th percentile) with a Zillow ZHVI typical home-value index of $381,670 (+2.7% YoY) and a ZORI observed market rent of $2,008/mo (+3.5% YoY). Requires at least 43.5% 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
-$568/mo
Annual: -$6,814/yr
Modeled Cap Rate
4.28%
NOI: $16,346/yr
Cash-on-Cash Return
-7.76%
Cash Needed: $87,784
1% Rule Ratio
0.53%
Gross Yield: 6.31%
Break-Even Rent
$2,661/mo
State Tax: 0.71%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 93230 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (CA Avg 0.71%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,930/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$646/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (93230)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2022 | $348,654 | $1,691/mo | 5.82% |
| 2023 | $350,601 | $1,817/mo | 6.22% |
| 2024 | $364,511 | $1,874/mo | 6.17% |
| 2025 | $371,736 | $1,940/mo | 6.26% |
| 2026 | $381,670 | $2,008/mo | 6.31% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 95828 Florin, CA | $449,666 | $2,366/mo | 4.28% | -$669/mo |
| 92392 Victorville, CA | $451,013 | $2,365/mo | 4.26% | -$678/mo |
| 93550 Palmdale, CA | $447,173 | $2,406/mo | 4.41% | -$619/mo |
| 93727 Fresno, CA | $426,525 | $2,296/mo | 4.41% | -$589/mo |
| 92223 Beaumont, CA | $533,865 | $2,894/mo | 4.45% | -$720/mo |
| 93722 Fresno, CA | $395,002 | $2,143/mo | 4.45% | -$531/mo |