San Diego, CA — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.3%
Below average
Monthly Cash Flow
-$3,483
After all expenses
Price-to-Rent
20.7
Overpriced for rent
DSCR
0.35
Fails
📊 Key Metrics
- Median Home Price
- $1,015,405
- Average Rent (3BR)
- $4,110/mo
- Price-to-Rent Ratio
- 20.7(high)
- 1% Rule
- 0.40%(fails — need 1%+)
- Cash-on-Cash Return
- -17.9%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
-4,947 households
SHRINKING
Total Inflow
1,395,572
households moved in
Avg Income (New Residents)
$115,923
per household
Where they're coming from:
1.San Diego Non-migrants, CA1,343,640 households · avg $116,194
2.Los Angeles, CA6,638 households · avg $134,443
3.Riverside, CA4,956 households · avg $74,120
4.Orange, CA3,940 households · avg $103,502
5.Santa Clara, CA1,755 households · avg $231,103
Where residents are leaving to:
1.San Diego Non-migrants, CA1,343,640 households
2.Riverside, CA7,496 households
3.Los Angeles, CA5,199 households
4.Orange, CA3,305 households
5.Maricopa, AZ2,519 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.
🏘️ Best Zip Codes in San Diego for Investors
All Zip Codes in San Diego
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 92108 | 7.0% | +$292 | $605,179 | $5,330/mo | 1.09 |
| 92101 | 5.6% | -$469 | $734,029 | $5,460/mo | 0.88 |
| 92139 | 3.2% | -$1,986 | $738,888 | $3,650/mo | 0.49 |
| 92123 | 3.0% | -$2,717 | $970,208 | $4,660/mo | 0.47 |
| 92124 | 3.0% | -$3,031 | $1,080,016 | $5,180/mo | 0.47 |
| 92154 | 3.0% | -$2,079 | $741,656 | $3,560/mo | 0.47 |
| 92128 | 2.9% | -$2,940 | $1,015,405 | $4,760/mo | 0.46 |
| 92126 | 2.7% | -$3,069 | $1,006,658 | $4,530/mo | 0.43 |
| 92122 | 2.7% | -$3,404 | $1,102,514 | $4,910/mo | 0.42 |
| 92102 | 2.5% | -$2,374 | $742,869 | $3,210/mo | 0.40 |
| 92113 | 2.5% | -$2,104 | $656,594 | $2,830/mo | 0.40 |
| 92114 | 2.5% | -$2,396 | $746,124 | $3,210/mo | 0.40 |
| 92105 | 2.5% | -$2,273 | $693,872 | $2,930/mo | 0.38 |
| 92173 | 2.3% | -$2,362 | $693,600 | $2,820/mo | 0.36 |
| 92121 | 2.3% | -$3,805 | $1,114,542 | $4,520/mo | 0.36 |
| 92120 | 2.3% | -$3,610 | $1,055,272 | $4,270/mo | 0.36 |
| 92110 | 2.3% | -$3,503 | $1,018,699 | $4,100/mo | 0.35 |
| 92119 | 2.2% | -$3,462 | $995,583 | $3,960/mo | 0.35 |
| 92115 | 2.1% | -$3,114 | $870,875 | $3,360/mo | 0.33 |
| 92104 | 2.0% | -$3,483 | $964,656 | $3,680/mo | 0.32 |
| 92103 | 2.0% | -$3,983 | $1,091,171 | $4,110/mo | 0.31 |
| 92111 | 2.0% | -$3,573 | $969,404 | $3,610/mo | 0.31 |
| 92116 | 1.8% | -$3,847 | $1,012,604 | $3,630/mo | 0.29 |
| 92131 | 1.8% | -$5,813 | $1,513,582 | $5,350/mo | 0.28 |
| 92117 | 1.7% | -$4,308 | $1,106,525 | $3,840/mo | 0.27 |
| 92109 | 1.2% | -$6,490 | $1,500,885 | $4,420/mo | 0.19 |
| 92129 | 1.1% | -$6,125 | $1,384,637 | $3,910/mo | 0.17 |
| 92127 | 1.0% | -$7,400 | $1,655,380 | $4,580/mo | 0.16 |
| 92107 | 0.9% | -$6,898 | $1,517,667 | $4,060/mo | 0.15 |
| 92130 | 0.9% | -$9,755 | $2,121,590 | $5,540/mo | 0.14 |
| 92106 | 0.6% | -$8,849 | $1,825,355 | $4,210/mo | 0.09 |
| 92014 | 0.3% | -$14,796 | $2,892,761 | $5,730/mo | 0.04 |
| 92037 | 0.1% | -$12,460 | $2,380,587 | $4,370/mo | 0.02 |