Is Carmel-by-the-Sea, CA a good place to invest in rental property?

Carmel-by-the-Sea, CA has a median modeled monthly cash flow of $-19,680 and a median cap rate of -0.4%, on a median sold price of $3,245,000. Prices changed -5.9% year over year.

What is the average cap rate in Carmel-by-the-Sea, CA?

The median cap rate across recently sold homes in Carmel-by-the-Sea, CA is -0.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Carmel-by-the-Sea, CA?

The median sold price in Carmel-by-the-Sea, CA is $3,245,000 (about $1,961 per square foot).

Investing in Carmel-by-the-Sea, CA Real Estate

A data-driven snapshot of the Carmel-by-the-Sea, CA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$3,245,000Median sold price

$1,961Median $/sqft

-0.4%Median cap rate

$-19,680Modeled cash flow / mo

-5.9%Appreciation YoY

9.2Months of supply

66Active listings

86Sold (last 12 mo)

What the Carmel-by-the-Sea numbers say

In Carmel-by-the-Sea, CA, the median home sold for $3,245,000 (about $1,961 per square foot), and the typical deal models out to a -0.4% cap rate with a median $-19,680 of monthly cash flow. Sold prices moved -5.9% over the past year. Inventory sits at about 9.2 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other California markets to compare

See Carmel-by-the-Sea cash-flowing listings

CashFlowRE ranks every for-sale home in Carmel-by-the-Sea, CA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Carmel-by-the-Sea deals, or browse the national market data.