ZIP CODE 92105 // SAN DIEGO-CHULA VISTA-CARLSBAD, CA // DATA AS OF 2026-09-30
San Diego, CA (92105) Rental Property Cap Rate & Cash Flow Report
Located in San Diego County (San Diego, CA), Zip Code 92105 ranks #395 of 500 within this selected sample (21th percentile) with a Zillow ZHVI typical home-value index of $683,243 (+1.6% YoY) and a ZORI observed market rent of $2,248/mo (+1.4% YoY). Requires at least 70.7% 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
-$2,188/mo
Annual: -$26,256/yr
Modeled Cap Rate
2.22%
NOI: $15,202/yr
Cash-on-Cash Return
-16.71%
Cash Needed: $157,146
1% Rule Ratio
0.33%
Gross Yield: 3.95%
Break-Even Rent
$4,763/mo
State Tax: 0.71%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 92105 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (CA Avg 0.71%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,455/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$981/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (92105)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $557,715 | $1,786/mo | 3.84% |
| 2022 | $635,451 | $2,017/mo | 3.81% |
| 2023 | $652,875 | $2,164/mo | 3.98% |
| 2024 | $692,637 | $2,185/mo | 3.79% |
| 2025 | $672,266 | $2,216/mo | 3.96% |
| 2026 | $683,243 | $2,248/mo | 3.95% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 94544 Hayward, CA | $804,006 | $2,637/mo | 2.21% | -$2,582/mo |
| 93065 Simi Valley, CA | $831,073 | $2,716/mo | 2.20% | -$2,677/mo |
| 94558 Napa, CA | $892,001 | $2,903/mo | 2.19% | -$2,884/mo |
| 90280 South Gate, CA | $696,546 | $2,264/mo | 2.18% | -$2,255/mo |
| 90201 Bell, CA | $690,202 | $2,310/mo | 2.28% | -$2,176/mo |
| 91335 Los Angeles, CA | $786,164 | $2,531/mo | 2.15% | -$2,566/mo |