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MarketsCaliforniaSonora

Cap Rate Analysis: Sonora, CA

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

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $385,000 median price and $1,460/mo median rent
Est. Cap Rate
2.76%
1% Rule
0.38%
Fails
GRM
22.0x
Price / Income
6.4x

Market Data

Median Home Price$385,000
Median Monthly Rent$1,460
Property Tax Rate0.75%
Population50,000
Population Growth0.8% / yr
Median Household Income$60,018
Vacancy Rate5.2%
Annual Appreciation2.8%

Cap Rate Calculator — Sonora

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

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.75% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.34%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$9,025
net operating income
Gross Rent Multiplier
22.0x
High (>15)
1% Rule
0.38%
✗ Fails
Monthly Cash Flow
$752
before debt service
Annual Breakdown
Gross Rental Income$17,520
Less Vacancy−$911
Effective Income$16,609
Less Operating Expenses−$7,584
Net Operating Income$9,025
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Cash-on-Cash Return — Sonora

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

$
$96,250
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-11.53%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$107,800
$96,250 down + $11,550 closing
Monthly Mortgage
$1,882
on $289K loan
Monthly Cash Flow
$-1,035
after all expenses
Annual Cash Flow
$-12,425
before taxes
Cash Flow Breakdown
Monthly Rent$1,460
Less Expenses−$613
Less Mortgage−$1,882
Monthly Cash Flow$-1,035

Is Sonora a Good Place to Invest in Rental Property?

Sonora, CA has a population of 50,000 and has been growing at 0.8% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $385,000 paired with median rents of $1,460/mo produces an estimated cap rate of 2.76%.

Property taxes at 0.75% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 5.2% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 6.4x, homes cost about 6.4 times the local median income of $60,018. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.8% 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, Sonora 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.

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