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 $-19,696 and a median cap rate of -0.2%, on a median sold price of $3,292,500. Prices changed -1.4% 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 -0.2%, 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 $3,292,500 (about $1,964 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.

$3,292,500Median sold price

$1,964Median $/sqft

-0.2%Median cap rate

$-19,696Modeled cash flow / mo

-1.4%Appreciation YoY

15.8Months of supply

91Active listings

69Sold (last 12 mo)

What the Carmel-by-the-Sea numbers say

In Carmel-by-the-Sea, CA, the median home sold for $3,292,500 (about $1,964 per square foot), and the typical deal models out to a -0.2% cap rate with a median $-19,696 of monthly cash flow. Sold prices moved -1.4% over the past year. Inventory sits at about 15.8 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.