5001 Florida W #707 · Hemet, CA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 7/10 · Major
- Est. fire insurance / yr
- $659 – $1,223
Heat risk 7/10 · Major
- Hot days now (above 105°F)
- 3 days/yr
- Hot days in 30 yrs
- 9 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 6/10 · Moderate
- Unhealthy air days now
- 9 days/yr
- Unhealthy air days in 30 yrs
- 11 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
Neighborhood map
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.
Questions for the listing agent
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- IRR
- 24.2%
- Equity multiple
- 2.01×
- Total profit
- $41,469
- Equity at exit
- $21,918
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-06-21days on market $147,000 Active 249 DOM
-
2026-06-18days on market $147,000 Active 246 DOM
-
2026-06-17days on market $147,000 Active 245 DOM
-
2026-06-16days on market $147,000 Active 244 DOM
-
2026-06-15days on market $147,000 Active 243 DOM
-
2026-06-13days on market $147,000 Active 241 DOM
-
2026-06-09days on market $147,000 Active 237 DOM
-
2026-06-08days on market $147,000 Active 236 DOM
-
2026-06-07days on market $147,000 Active 235 DOM
-
2026-06-04days on market $147,000 Active 232 DOM
-
2026-06-03days on market $147,000 Active 231 DOM
-
2026-06-02days on market $147,000 Active 230 DOM
-
2026-06-01days on market $147,000 Active 229 DOM
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2026-05-31days on market $147,000 Active 228 DOM
-
2026-04-12price $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.
-
2025-10-15$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.
-
2019-09-10soldstatus $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.
-
2019-08-27status 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.
-
2019-08-10status 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.
-
2019-08-06historical 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.
-
2019-08-04status 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.
-
2019-07-24historical 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.
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2019-07-15$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.
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2017-12-12soldstatus $45,000 Closed Sale
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2017-11-14status Pending Sale
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2017-11-07$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
- 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
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
- 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 |
|---|---|---|
| Technology | 27 | $1,492B |
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| Financial Services | 3 | $174B |
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| Retail | 3 | $44B |
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| Insurance | 3 | $26B |
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| Media / Entertainment | 2 | $115B |
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| Pharmaceuticals / Biotech | 2 | $62B |
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Price history
+194.6% since first listed12 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%/yrLatest (2025): $620 · +2.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…