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Cap Rate Analysis: San Bernardino, CA

Investment metrics, interactive calculators, and data-driven analysis for San Bernardino rental properties.

Challenging for pure cash flow
Based on $380,000 median price and $1,650/mo median rent
Est. Cap Rate
3.35%
1% Rule
0.43%
Fails
GRM
19.2x
Price / Income
8.2x

Market Data

Median Home Price$380,000
Median Monthly Rent$1,650
Property Tax Rate0.76%
Population222,203
Population Growth0.4% / yr
Median Household Income$46,200
Vacancy Rate5.8%
Annual Appreciation2.5%

Cap Rate Calculator — San Bernardino

Pre-filled with San Bernardino medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.76% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.81%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$10,672
net operating income
Gross Rent Multiplier
19.2x
High (>15)
1% Rule
0.43%
✗ Fails
Monthly Cash Flow
$889
before debt service
Annual Breakdown
Gross Rental Income$19,800
Less Vacancy−$1,148
Effective Income$18,652
Less Operating Expenses−$7,980
Net Operating Income$10,672

Cash-on-Cash Return — San Bernardino

Factor in financing to see your actual return on invested capital in San Bernardino.

$
$95,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-10.16%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$106,400
$95,000 down + $11,400 closing
Monthly Mortgage
$1,858
on $285K loan
Monthly Cash Flow
$-901
after all expenses
Annual Cash Flow
$-10,812
before taxes
Cash Flow Breakdown
Monthly Rent$1,650
Less Expenses−$693
Less Mortgage−$1,858
Monthly Cash Flow$-901

Is San Bernardino a Good Place to Invest in Rental Property?

San Bernardino, CA has a population of 222,203 and has been growing at 0.4% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $380,000 paired with median rents of $1,650/mo produces an estimated cap rate of 3.35%.

Property taxes at 0.76% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 5.8% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 8.2x, homes cost about 8.2 times the local median income of $46,200. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.5% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, San Bernardino is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

Run a BRRRR analysis for San Bernardino
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