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

Rancho Mirage, CA has a median modeled monthly cash flow of $-2,564 and a median cap rate of 3.0%, on a median sold price of $850,000. Prices changed -2.9% 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 3.0%, 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 $850,000 (about $381 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.

$850,000Median sold price

$381Median $/sqft

3.0%Median cap rate

$-2,564Modeled cash flow / mo

-2.9%Appreciation YoY

9.9Months of supply

609Active listings

738Sold (last 12 mo)

What the Rancho Mirage numbers say

In Rancho Mirage, CA, the median home sold for $850,000 (about $381 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-2,564 of monthly cash flow. Sold prices moved -2.9% over the past year. Inventory sits at about 9.9 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 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.