ZIP CODE 94112 // SAN FRANCISCO-OAKLAND-BERKELEY, CA // DATA AS OF 2026-09-30
San Francisco, CA (94112) Rental Property Cap Rate & Cash Flow Report
Located in San Francisco County (San Francisco, CA), Zip Code 94112 ranks #380 of 500 within this selected sample (24th percentile) with a Zillow ZHVI typical home-value index of $1,183,444 (+12.0% YoY) and a ZORI observed market rent of $4,080/mo (+13.6% YoY). Requires at least 68.5% 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
-$3,628/mo
Annual: -$43,533/yr
Modeled Cap Rate
2.39%
NOI: $28,276/yr
Cash-on-Cash Return
-15.99%
Cash Needed: $272,192
1% Rule Ratio
0.34%
Gross Yield: 4.14%
Break-Even Rent
$8,250/mo
State Tax: 0.71%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 94112 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (CA Avg 0.71%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$5,984/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,724/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (94112)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $1,242,214 | $3,204/mo | 3.10% |
| 2022 | $1,231,226 | $3,380/mo | 3.29% |
| 2023 | $1,102,222 | $3,465/mo | 3.77% |
| 2024 | $1,106,934 | $3,497/mo | 3.79% |
| 2025 | $1,056,980 | $3,591/mo | 4.08% |
| 2026 | $1,183,444 | $4,080/mo | 4.14% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 90640 Montebello, CA | $818,049 | $2,837/mo | 2.41% | -$2,493/mo |
| 91766 Pomona, CA | $672,314 | $2,340/mo | 2.42% | -$2,042/mo |
| 94110 San Francisco, CA | $1,446,124 | $4,931/mo | 2.35% | -$4,481/mo |
| 94080 South San Francisco, CA | $1,214,105 | $4,134/mo | 2.34% | -$3,767/mo |
| 93906 Salinas, CA | $711,968 | $2,418/mo | 2.34% | -$2,214/mo |
| 91911 Chula Vista, CA | $774,232 | $2,618/mo | 2.32% | -$2,418/mo |