ZIP CODE 92704 // LOS ANGELES-LONG BEACH-ANAHEIM, CA // DATA AS OF 2026-09-30
Santa Ana, CA (92704) Rental Property Cap Rate & Cash Flow Report
Located in Orange County (Santa Ana, CA), Zip Code 92704 ranks #363 of 500 within this selected sample (28th percentile) with a Zillow ZHVI typical home-value index of $883,776 (+3.6% YoY) and a ZORI observed market rent of $3,164/mo (-0.1% YoY). Requires at least 66.7% 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
-$2,607/mo
Annual: -$31,288/yr
Modeled Cap Rate
2.53%
NOI: $22,338/yr
Cash-on-Cash Return
-15.39%
Cash Needed: $203,268
1% Rule Ratio
0.36%
Gross Yield: 4.30%
Break-Even Rent
$6,161/mo
State Tax: 0.71%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 92704 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (CA Avg 0.71%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,469/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,302/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (92704)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2022 | $757,281 | $2,736/mo | 4.34% |
| 2023 | $786,454 | $2,920/mo | 4.46% |
| 2024 | $864,796 | $3,023/mo | 4.19% |
| 2025 | $852,851 | $3,166/mo | 4.45% |
| 2026 | $883,776 | $3,164/mo | 4.30% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 90044 Los Angeles, CA | $641,836 | $2,303/mo | 2.54% | -$1,889/mo |
| 92071 Santee, CA | $799,773 | $2,853/mo | 2.51% | -$2,368/mo |
| 94541 Hayward, CA | $759,862 | $2,691/mo | 2.49% | -$2,267/mo |
| 91343 Los Angeles, CA | $863,797 | $3,129/mo | 2.57% | -$2,517/mo |
| 95630 Folsom, CA | $754,973 | $2,669/mo | 2.48% | -$2,257/mo |
| 90650 Norwalk, CA | $753,843 | $2,664/mo | 2.48% | -$2,254/mo |