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5001 Florida W #707
B- Composite 68.5
Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • ARV discount +7.5/15.0
  • Rent growth +3.4/5.0
  • Livability +2.6/5.0
  • Schools +2.5/10.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$147,000

5001 Florida W #707 · Hemet, CA 92545
3 bd · 2.0 ba · 1,456 sqft · Manufactured public records · 249 Days on market
Built 2003 $101/sqft · 115% above area

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

PRICE REDUCED! SELLER VERY MOTIVATED! Welcome home to this beautifully maintained 2-bedroom, 2-bath mobile home. Enter into the living room to a cozy fireplace, spacious living areas, plus a den/office that can be used an additional guest room! The dining area is perfect for entertaining. Prepare your meals in the beautiful kitchen with plenty of cabinets. This home offers comfort, style, and resort style living in of the area’s most sought-after 55+ communities " The Lakes at West Hemet", Bedrooms are generously sized, with the primary bedroom that features an en-suite bathroom and a spacious walk in closet. Enjoy the large comfortable covered patio ideal for quiet relaxation. Every detail has been cared for, making this home move-in ready and truly immaculate. The community amenities include a clubhouse, swimming pool, golf course, a scenic lake, covered BBQ area with endless opportunities for recreation and social activities. Experience the best of active adult living in this pristine home.

Key facts

  • Clubhouse
  • Swimming pool
  • Covered patio

Tags

COZY FIREPLACECOVERED PATIOCLUBHOUSESWIMMING POOLGOLF COURSESCENIC LAKE

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath manufactured listed at $147k.

Deal economics

  • At list price, monthly cash flow is $998 ($12k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $147k).
  • Recommended offer: $129k (12.0% below list) — sets the bar for market timing.
  • Cap rate 14.4% vs local median 4.8% in Hemet — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 51/100 on livability (#1,056 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: crime D+, schools F, amenities F.
  • Hemet Unified (suburban): math 19% / reading 41% proficiency, ranked #360 of 517 in CA (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents rising (+3.7%/yr); 291 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 9d on market — plan ~1-2 weeks tenant-placement turnaround); 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
  • This rent runs 45% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
  • Riverside County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 3.7% rent growth), your $41k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 249 days — a 12% lower offer ($129k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
  • Current owner paid $67k; list at $147k implies a 119% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Climate carrying-cost: major wildfire risk; extreme-heat days projected 3→9/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $129,360 (12.0% below list)

Questions for the listing agent

  1. It's been on market 249 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.62%
Cap rate
14.44%
Cash-on-cash
29.09%
DSCR
2.29
GRM
5.1

CMA / ARV

ARV (median comp)
$68,500
List price
$147,000
Delta
114.60%
Verdict
OVERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
5001 W Florida #171 0.00mi 2/2.0 (-1) 1,440 (-1%) 1mo $67,000 $47 92
5001 FLORIDA #311 0.00mi 2/2.0 (-1) 1,440 (-1%) 1mo $73,990 $51 92
5001 W Florida Ave #305 0.00mi 2/2.0 (-1) 1,440 (-1%) 2mo $91,000 $63 91
5001 W Florida #661 0.00mi 2/2.0 (-1) 1,440 (-1%) 3mo $97,000 $67 91
5001 W Florida Ave #482 0.00mi 2/2.0 (-1) 1,440 (-1%) 4mo $55,000 $38 90
5001 W Florida #524 0.00mi 2/2.0 (-1) 1,488 (+2%) 3mo $62,000 $42 89
5001 W Florida Ave #135 0.10mi 2/2.0 (-1) 1,504 (+3%) 6mo $55,000 $37 80
5001 W Florida #618 0.00mi 2/2.0 (-1) 1,344 (-8%) 4mo $70,000 $52 79
5001 W Florida Ave W #728 0.00mi 2/2.0 (-1) 1,344 (-8%) 4mo $56,000 $42 79
5001 W Florida Ave #139 0.00mi 2/2.0 (-1) 1,560 (+7%) 5mo $105,000 $67 79
5001 W Florida Ave #122 0.10mi 2/2.0 (-1) 1,296 (-11%) 0mo $52,500 $41 72
5001 W Florida #695 0.10mi 2/2.0 (-1) 1,248 (-14%) 5mo $45,000 $36 62

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.74% rent growth · sell at horizon

5-year hold
IRR
24.2%
Equity multiple
2.01×
Total profit
$41,469
Equity at exit
$21,918
10-year hold
IRR
32.5%
Equity multiple
4.04×
Total profit
$125,196
Equity at exit
$12,710

Cash invested: $41,160 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
18 Strongly Tenant-Friendly
State California
18 Strongly Tenant-Friendly · D+13
County
— inherits STATE
City
— inherits STATE
AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

ZIP-level market 92545

Home prices YoY
-24.6%
Rents YoY
3.7%
Active inventory
291
Price-to-rent
5.1×

Monthly cashflow live

Estimated rent
$2,382 high interval (Pro) →
Mortgage (P&I)
$771
Tax from tax record
$52 /mo · $620/yr
Insurance
$61
HOA
$0
Vacancy / Maint / Mgmt
$500
Net cashflow
$998

Break-even live

Break-even rent $1,119
Max offer price $147,000
Occupancy floor 53%

Sensitivity live

Price -10% $1,081 -5% $1,039 +0% $998 +5% $956 +10% $915
Rent -10% $810 -5% $904 +0% $998 +5% $1,092 +10% $1,186
Rate -1.0pp $1,072 -0.5pp $1,035 base $998 +0.5pp $960 +1.0pp $921

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$36,750
Closing costs
$4,410
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 9 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
4400 W Florida Ave Spc 26 Hemet, CA 3.0 2.0 1193 $1,699 $1.42 16d 1 0.51mi
4400 W Florida Ave Unit 86 Hemet, CA 3.0 2.0 1310 $1,800 $1.37 44d 1 0.54mi
3800 W Devonshire Ave Hemet, CA 3.0 1.0–2.0 816 $2,335 $2.86 0d 7 1.07mi
3080 Hampton Ave Hemet, CA 4.0 2.0 1552 $2,695 $1.74 8d 1 1.22mi
3030 W Acacia Ave Hemet, CA 1.0–2.0 1.0–2.0 807 $1,780 $2.20 0d 8 1.25mi
2971 Pembroke Ave Hemet, CA 3.0 2.0 1572 $3,000 $1.91 19d 1 1.29mi
1510 Sunnybank Dr Hemet, CA 4.0 2.0 1759 $2,750 $1.56 0d 1 1.30mi
3471 Dublin Ct Hemet, CA 3.0 2.0 1276 $2,895 $2.27 5d 1 1.39mi
1610 Stoneside Dr Hemet, CA 4.0 2.0 1760 $3,100 $1.76 44d 1 1.41mi

Listing history 26 events

  1. 2026-06-21
    days on market $147,000 Active 249 DOM
  2. 2026-06-18
    days on market $147,000 Active 246 DOM
  3. 2026-06-17
    days on market $147,000 Active 245 DOM
  4. 2026-06-16
    days on market $147,000 Active 244 DOM
  5. 2026-06-15
    days on market $147,000 Active 243 DOM
  6. 2026-06-13
    days on market $147,000 Active 241 DOM
  7. 2026-06-09
    days on market $147,000 Active 237 DOM
  8. 2026-06-08
    days on market $147,000 Active 236 DOM
  9. 2026-06-07
    days on market $147,000 Active 235 DOM
  10. 2026-06-04
    days on market $147,000 Active 232 DOM
  11. 2026-06-03
    days on market $147,000 Active 231 DOM
  12. 2026-06-02
    days on market $147,000 Active 230 DOM
  13. 2026-06-01
    days on market $147,000 Active 229 DOM
  14. 2026-05-31
    days on market $147,000 Active 228 DOM
  15. 2026-04-12
    price $147,000 1025-char remark
    Show marketing remark (1025 chars)

    PRICE REDUCED! SELLER VERY MOTIVATED! Welcome home to this beautifully maintained 2-bedroom, 2-bath mobile home. Enter into the living room to a cozy fireplace, spacious living areas, plus a den/office that can be used an additional guest room! The dining area is perfect for entertaining. Prepare your meals in the beautiful kitchen with plenty of cabinets. This home offers comfort, style, and resort style living in of the area’s most sought-after 55+ communities " The Lakes at West Hemet", Bedrooms are generously sized, with the primary bedroom that features an en-suite bathroom and a spacious walk in closet. Enjoy the large comfortable covered patio ideal for quiet relaxation. Every detail has been cared for, making this home move-in ready and truly immaculate. The community amenities include a clubhouse, swimming pool, golf course, a scenic lake, covered BBQ area with endless opportunities for recreation and social activities. Experience the best of active adult living in this pristine home.

  16. 2025-10-15
    listed $149,000 Active 1025-char remark
    Show marketing remark (1025 chars)

    PRICE REDUCED! SELLER VERY MOTIVATED! Welcome home to this beautifully maintained 2-bedroom, 2-bath mobile home. Enter into the living room to a cozy fireplace, spacious living areas, plus a den/office that can be used an additional guest room! The dining area is perfect for entertaining. Prepare your meals in the beautiful kitchen with plenty of cabinets. This home offers comfort, style, and resort style living in of the area’s most sought-after 55+ communities " The Lakes at West Hemet", Bedrooms are generously sized, with the primary bedroom that features an en-suite bathroom and a spacious walk in closet. Enjoy the large comfortable covered patio ideal for quiet relaxation. Every detail has been cared for, making this home move-in ready and truly immaculate. The community amenities include a clubhouse, swimming pool, golf course, a scenic lake, covered BBQ area with endless opportunities for recreation and social activities. Experience the best of active adult living in this pristine home.

  17. 2019-09-10
    soldstatus $67,000 Closed Sale 1485-char remark
    Show marketing remark (1485 chars)

    Live in luxury in this immaculate 2003 beauty with all the bells and whistles! Don't settle - this is your time to enjoy!!! Enter into your estate past your enlongated covered patio area into your earthquake retrofitted home with the breakfast nook on the right, and go directly into your main living area with the cozy fireplace and formal dining room. Tall ceilings give this home an open and grand feeling, with modern laminate flooring in the main areas. Tucked behind is your convenient kitchen with stainless steel appliances and oodles of counter space and cabinets galore. This home has 3 bedrooms and 2 bathrooms with dual paned vinyl windows for energy efficiency. One of the bedrooms is currently being used as an office with a built-in desk and french doors. If you want it to be a bedroom, the closet could easily be converted back by removing the desk and adding closet doors. The master bedroom is spacious and includes a walk-in closet and a private bath with a wall of cabinets, dual sinks, and a large walk in shower. The second bedroom is nice with a convenient smaller walk-in closet. Need storage? This home has a fabulous storage shed/workshop with two additional storage cabinets in the carport. The fenced yard has an open patio area, as well as a gazebo area. Great outdoor living, exquisite indoor living. Oh, and the park? Hemet West offers golf, waterfalls, ponds, fishing, walking trails, park-like features, weekly music and dancing, and so much more.

  18. 2019-08-27
    status Pending Sale 1485-char remark
    Show marketing remark (1485 chars)

    Live in luxury in this immaculate 2003 beauty with all the bells and whistles! Don't settle - this is your time to enjoy!!! Enter into your estate past your enlongated covered patio area into your earthquake retrofitted home with the breakfast nook on the right, and go directly into your main living area with the cozy fireplace and formal dining room. Tall ceilings give this home an open and grand feeling, with modern laminate flooring in the main areas. Tucked behind is your convenient kitchen with stainless steel appliances and oodles of counter space and cabinets galore. This home has 3 bedrooms and 2 bathrooms with dual paned vinyl windows for energy efficiency. One of the bedrooms is currently being used as an office with a built-in desk and french doors. If you want it to be a bedroom, the closet could easily be converted back by removing the desk and adding closet doors. The master bedroom is spacious and includes a walk-in closet and a private bath with a wall of cabinets, dual sinks, and a large walk in shower. The second bedroom is nice with a convenient smaller walk-in closet. Need storage? This home has a fabulous storage shed/workshop with two additional storage cabinets in the carport. The fenced yard has an open patio area, as well as a gazebo area. Great outdoor living, exquisite indoor living. Oh, and the park? Hemet West offers golf, waterfalls, ponds, fishing, walking trails, park-like features, weekly music and dancing, and so much more.

  19. 2019-08-10
    status Active 1485-char remark
    Show marketing remark (1485 chars)

    Live in luxury in this immaculate 2003 beauty with all the bells and whistles! Don't settle - this is your time to enjoy!!! Enter into your estate past your enlongated covered patio area into your earthquake retrofitted home with the breakfast nook on the right, and go directly into your main living area with the cozy fireplace and formal dining room. Tall ceilings give this home an open and grand feeling, with modern laminate flooring in the main areas. Tucked behind is your convenient kitchen with stainless steel appliances and oodles of counter space and cabinets galore. This home has 3 bedrooms and 2 bathrooms with dual paned vinyl windows for energy efficiency. One of the bedrooms is currently being used as an office with a built-in desk and french doors. If you want it to be a bedroom, the closet could easily be converted back by removing the desk and adding closet doors. The master bedroom is spacious and includes a walk-in closet and a private bath with a wall of cabinets, dual sinks, and a large walk in shower. The second bedroom is nice with a convenient smaller walk-in closet. Need storage? This home has a fabulous storage shed/workshop with two additional storage cabinets in the carport. The fenced yard has an open patio area, as well as a gazebo area. Great outdoor living, exquisite indoor living. Oh, and the park? Hemet West offers golf, waterfalls, ponds, fishing, walking trails, park-like features, weekly music and dancing, and so much more.

  20. 2019-08-06
    historical Hold Do Not Show 1485-char remark
    Show marketing remark (1485 chars)

    Live in luxury in this immaculate 2003 beauty with all the bells and whistles! Don't settle - this is your time to enjoy!!! Enter into your estate past your enlongated covered patio area into your earthquake retrofitted home with the breakfast nook on the right, and go directly into your main living area with the cozy fireplace and formal dining room. Tall ceilings give this home an open and grand feeling, with modern laminate flooring in the main areas. Tucked behind is your convenient kitchen with stainless steel appliances and oodles of counter space and cabinets galore. This home has 3 bedrooms and 2 bathrooms with dual paned vinyl windows for energy efficiency. One of the bedrooms is currently being used as an office with a built-in desk and french doors. If you want it to be a bedroom, the closet could easily be converted back by removing the desk and adding closet doors. The master bedroom is spacious and includes a walk-in closet and a private bath with a wall of cabinets, dual sinks, and a large walk in shower. The second bedroom is nice with a convenient smaller walk-in closet. Need storage? This home has a fabulous storage shed/workshop with two additional storage cabinets in the carport. The fenced yard has an open patio area, as well as a gazebo area. Great outdoor living, exquisite indoor living. Oh, and the park? Hemet West offers golf, waterfalls, ponds, fishing, walking trails, park-like features, weekly music and dancing, and so much more.

  21. 2019-08-04
    status Active 1485-char remark
    Show marketing remark (1485 chars)

    Live in luxury in this immaculate 2003 beauty with all the bells and whistles! Don't settle - this is your time to enjoy!!! Enter into your estate past your enlongated covered patio area into your earthquake retrofitted home with the breakfast nook on the right, and go directly into your main living area with the cozy fireplace and formal dining room. Tall ceilings give this home an open and grand feeling, with modern laminate flooring in the main areas. Tucked behind is your convenient kitchen with stainless steel appliances and oodles of counter space and cabinets galore. This home has 3 bedrooms and 2 bathrooms with dual paned vinyl windows for energy efficiency. One of the bedrooms is currently being used as an office with a built-in desk and french doors. If you want it to be a bedroom, the closet could easily be converted back by removing the desk and adding closet doors. The master bedroom is spacious and includes a walk-in closet and a private bath with a wall of cabinets, dual sinks, and a large walk in shower. The second bedroom is nice with a convenient smaller walk-in closet. Need storage? This home has a fabulous storage shed/workshop with two additional storage cabinets in the carport. The fenced yard has an open patio area, as well as a gazebo area. Great outdoor living, exquisite indoor living. Oh, and the park? Hemet West offers golf, waterfalls, ponds, fishing, walking trails, park-like features, weekly music and dancing, and so much more.

  22. 2019-07-24
    historical Hold Do Not Show 1485-char remark
    Show marketing remark (1485 chars)

    Live in luxury in this immaculate 2003 beauty with all the bells and whistles! Don't settle - this is your time to enjoy!!! Enter into your estate past your enlongated covered patio area into your earthquake retrofitted home with the breakfast nook on the right, and go directly into your main living area with the cozy fireplace and formal dining room. Tall ceilings give this home an open and grand feeling, with modern laminate flooring in the main areas. Tucked behind is your convenient kitchen with stainless steel appliances and oodles of counter space and cabinets galore. This home has 3 bedrooms and 2 bathrooms with dual paned vinyl windows for energy efficiency. One of the bedrooms is currently being used as an office with a built-in desk and french doors. If you want it to be a bedroom, the closet could easily be converted back by removing the desk and adding closet doors. The master bedroom is spacious and includes a walk-in closet and a private bath with a wall of cabinets, dual sinks, and a large walk in shower. The second bedroom is nice with a convenient smaller walk-in closet. Need storage? This home has a fabulous storage shed/workshop with two additional storage cabinets in the carport. The fenced yard has an open patio area, as well as a gazebo area. Great outdoor living, exquisite indoor living. Oh, and the park? Hemet West offers golf, waterfalls, ponds, fishing, walking trails, park-like features, weekly music and dancing, and so much more.

  23. 2019-07-15
    listed $67,000 Active 1485-char remark
    Show marketing remark (1485 chars)

    Live in luxury in this immaculate 2003 beauty with all the bells and whistles! Don't settle - this is your time to enjoy!!! Enter into your estate past your enlongated covered patio area into your earthquake retrofitted home with the breakfast nook on the right, and go directly into your main living area with the cozy fireplace and formal dining room. Tall ceilings give this home an open and grand feeling, with modern laminate flooring in the main areas. Tucked behind is your convenient kitchen with stainless steel appliances and oodles of counter space and cabinets galore. This home has 3 bedrooms and 2 bathrooms with dual paned vinyl windows for energy efficiency. One of the bedrooms is currently being used as an office with a built-in desk and french doors. If you want it to be a bedroom, the closet could easily be converted back by removing the desk and adding closet doors. The master bedroom is spacious and includes a walk-in closet and a private bath with a wall of cabinets, dual sinks, and a large walk in shower. The second bedroom is nice with a convenient smaller walk-in closet. Need storage? This home has a fabulous storage shed/workshop with two additional storage cabinets in the carport. The fenced yard has an open patio area, as well as a gazebo area. Great outdoor living, exquisite indoor living. Oh, and the park? Hemet West offers golf, waterfalls, ponds, fishing, walking trails, park-like features, weekly music and dancing, and so much more.

  24. 2017-12-12
    soldstatus $45,000 Closed Sale
  25. 2017-11-14
    status Pending Sale
  26. 2017-11-07
    listed $49,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

Current annual tax
$620 · $52/mo
Projected year-2 tax
$1,117 · $93/mo
Expected delta
+$497/yr (+$41/mo · 80.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 7/10 Severe
  • 🌡 Heat 7/10 Severe 3 d/yr ≥105°F today · 9 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 6/10 Major 9 unhealthy d/yr today · 11 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$28,581
− Mortgage interest
−$8,234
− Property taxes
−$620
− Insurance
−$735
− Repairs & maintenance
−$2,286
− Management
−$2,286
− Depreciation
−$4,276
Taxable income
$10,142
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,434
After-tax cash flow
$9,539/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

District
Hemet Unified
NCES district ID
0616920
Math proficiency
19% ▼ -3.00%
Reading proficiency
41% ▲ 4.00%
Median HH income
$39,962
Composite
25.16/100
National rank
#7517
State rank
#360 of 517 in CA

Livability — Hemet

Score
51/100
State rank
#1056
US rank
#25208

Category grades

Amenities F Commute F Cost of living F Crime D+ Employment F Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Hemet, CA
County
Riverside County · 2,287,001 people
City population
137,670
Metro
Riverside-San Bernardino-Ontario, CA
Population (ZIP)
45,982
Household income
$63,770
Rent vs Own
28.8% rent · 71.2% own
Severe rent burden
1813.0

Population outlook (Riverside County) Hauer SSP2

Today (2025)
2,664,475 people
By 2030
2,802,692 · +5.2%
By 2040
3,050,904 · +14.5%
By 2050
3,256,783 · +22.2%
By 2075
3,655,058 · +37.2%
By 2100
3,766,594 · +41.4%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.65)
Race & ethnicity
Hispanic / Latino 46% White 35% Two or more races 17% Black 8% Asian 5% Native American 1%
Hispanic origin (detail)
Mexican 40%
Common ancestry
Slovak 2% Lithuanian 2% Portuguese 1%
Foreign-born
19% · Canada, Vietnam, Jamaica
Languages at home
69% English-only · Spanish 27% Tagalog/Filipino 1% Other Indo-European 1%

Political lean MEDSL · Riverside

2024 margin
Toss-up / Even · D 48.0% · R 49.3% · Other 2.6%
2008→2024 swing
-3.6pp toward R · 2008: 2.3pp · 2024: -1.3pp
All cycles
2024: R+1.3 2020: D+8.0 2016: D+4.3 2012: R+0.4 2008: D+2.3

Not yet ingested

Civics

Market trends

HPI YoY
▼ -116.25%
Current HPI
356.9414
Rent YoY
▲ 3.74%
Metro
Riverside-San Bernardino-Ontario, CA
State GDP YoY
▲ 3.21%
F500 in state
116

Industry mix (Fortune 500 HQ in CA)

Industry F500 HQs Revenue

Price history

+194.6% since first listed
12 events — show timeline
  • 2026-04-12 Price Changed $147,000 CRMLS
  • 2025-10-15 Listed $149,000 CRMLS
  • 2019-09-10 Sold (MLS) $67,000 CRMLS
  • 2019-08-27 Pending CRMLS
  • 2019-08-10 Relisted CRMLS
  • 2019-08-06 Delisted CRMLS
  • 2019-08-04 Relisted CRMLS
  • 2019-07-24 Delisted CRMLS
  • 2019-07-15 Listed $67,000 CRMLS
  • 2017-12-12 Sold (MLS) $45,000 CRMLS
  • 2017-11-14 Pending CRMLS
  • 2017-11-07 Listed $49,900 CRMLS

Property tax history

-1.2%/yr

Latest (2025): $620 · +2.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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