Is Penngrove, CA a good place to invest in rental property?

Penngrove, CA has a median modeled monthly cash flow of $-6,672 and a median cap rate of 0.3%, on a median sold price of $1,320,000. Prices changed +0.4% year over year.

What is the average cap rate in Penngrove, CA?

The median cap rate across recently sold homes in Penngrove, CA is 0.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Penngrove, CA?

The median sold price in Penngrove, CA is $1,320,000 (about $677 per square foot).

Investing in Penngrove, CA Real Estate

A data-driven snapshot of the Penngrove, 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.

$1,320,000Median sold price

$677Median $/sqft

0.3%Median cap rate

$-6,672Modeled cash flow / mo

+0.4%Appreciation YoY

4.8Months of supply

16Active listings

40Sold (last 12 mo)

What the Penngrove numbers say

In Penngrove, CA, the median home sold for $1,320,000 (about $677 per square foot), and the typical deal models out to a 0.3% cap rate with a median $-6,672 of monthly cash flow. Sold prices moved +0.4% over the past year. Inventory sits at about 4.8 months of supply. 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 Penngrove cash-flowing listings

CashFlowRE ranks every for-sale home in Penngrove, 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 Penngrove deals, or browse the national market data.