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

Rancho Mirage, CA has a median modeled monthly cash flow of $-2,468 and a median cap rate of 2.9%, on a median sold price of $855,000. Prices changed -2.8% year over year.

What is the average cap rate in Rancho Mirage, CA?

The median cap rate across recently sold homes in Rancho Mirage, CA is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Rancho Mirage, CA?

The median sold price in Rancho Mirage, CA is $855,000 (about $379 per square foot).

Investing in Rancho Mirage, CA Real Estate

A data-driven snapshot of the Rancho Mirage, 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.

$855,000Median sold price

$379Median $/sqft

2.9%Median cap rate

$-2,468Modeled cash flow / mo

-2.8%Appreciation YoY

11.0Months of supply

692Active listings

752Sold (last 12 mo)

What the Rancho Mirage numbers say

In Rancho Mirage, CA, the median home sold for $855,000 (about $379 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-2,468 of monthly cash flow. Sold prices moved -2.8% over the past year. Inventory sits at about 11.0 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.

🔨 See 3 fix-and-flip deals in Rancho Mirage — listings where the estimated after-repair value beats list price + rehab.

Other California markets to compare

See Rancho Mirage cash-flowing listings

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