701 Montara #150 · Barstow, CA 92311

$39,500

3 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 49 Days on market

Built 1988 3,375 sqft lot $27/sqft · at area comps Est $39k · at est. ↓ 6% since listing

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.4/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks

This is a 1440 sq. ft. doublewide mobile home on a corner lot in a senior, over 55, gated park. This home boasts 3 bedrooms and 2 bathrooms. Both bathrooms have walk in showers with the master being wheelchair accessible. There is spacious living room and open concept family room / kitchen area. The front porch is large and private and the back has a beach sitting area to make you feel you are in the islands. This is a must see sold AS-IS.

Key facts

• Large private porch
• Open concept
• Beach sitting area

Tags

• CORNER LOT
• GATED PARK
• WALK IN SHOWERS
• OPEN CONCEPT
• LARGE PRIVATE PORCH
• BEACH SITTING AREA

Property features AI

Finance

• Other: Lot size reported from assessor's data; Lot features: 0-1 unit/acre; Elevation units listed in feet; Living area source: assessor's data
• Financial info: Land lease: $650 monthly (park-managed); Manager approval required; Pets allowed; contact manager for details
• HOA & community: Senior community; Park name: Holiday Homes; Community amenities include biking, dog park, hiking, and access to BLM/National Forest

Exterior

• Parking: Attached carport for 2 vehicles; Total of 2 parking spaces
• Utilities: Public sewer; District/public water
• Home design: Single-story mobile home (CHARLESTON model); Mobile home remains on site; Double-wide body type; Entry level: 1
• Construction: 24 ft wide by 60 ft long mobile home; One total story; Year built per assessor
• Exterior features: Community pool; One shed on the property

Interior

• Kitchen: Garbage disposal; Microwave; Refrigerator; Gas range; Dishwasher
• Bedrooms: All bedrooms on the main level
• Bathrooms: Two full bathrooms; Remodeled bath(s); Walk-in shower
• Heating & cooling: Central furnace
• Interior features: One-level home; Back door entry
• Laundry & utility: Dedicated laundry room; Washer included; Dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $40k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $40k).
• Recommended offer: $38k (3.0% below list) — sets the bar for market timing.
• Cap rate 48.3% vs local median 4.6% in Barstow — 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 63/100 on livability (#444 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: amenities C-, health & safety C-, schools F.
• Barstow Unified (town): math 11% / reading 22% proficiency, ranked #482 of 517 in CA (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.3%/yr); 343 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).
• This rent runs 40% of the median local income ($62k/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 $273 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• San Bernardino County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 2.3% rent growth), your $11k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($38k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $38,315 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is F 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 5.20% ✓
• Cap rate: 48.30%
• Cash-on-cash: 150.01%
• DSCR: 7.67
• GRM: 1.6

CMA / ARV

• ARV (median comp): $39,388
• List price: $39,500
• Delta: 0.28%
• Verdict: FAIR
• Comps: 14 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
701 Montara Rd #140	0.00mi	3/2.0	1,456 (+1%)	0mo	$44,000	$30	98
701 Montara Rd #223	0.00mi	2/2.0 (-1)	1,440 (0%)	1mo	$53,000	$37	94
701 Montara Rd #207	0.00mi	2/2.0 (-1)	1,440 (0%)	4mo	$44,603	$31	92
701 Montara Rd #231	0.00mi	2/2.0 (-1)	1,440 (0%)	10mo	$47,000	$33	87
701 Montara Rd #123	0.00mi	3/2.0	1,344 (-7%)	4mo	$25,000	$19	85
701 Montara Rd #244	0.16mi	2/2.0 (-1)	1,440 (0%)	4mo	$28,000	$19	84
701 Montara Rd #216	0.00mi	2/2.0 (-1)	1,440 (0%)	15mo	$47,000	$33	83
701 Montara Rd #235	0.00mi	2/2.0 (-1)	1,344 (-7%)	2mo	$35,000	$26	82
701 Montara Rd #137	0.00mi	3/2.0	1,344 (-7%)	13mo	$47,500	$35	78
701 Montara Rd #161	0.10mi	2/2.0 (-1)	1,344 (-7%)	2mo	$13,000	$10	78
701 Montara #233	0.16mi	2/2.0 (-1)	1,512 (+5%)	7mo	$39,000	$26	73
701 Montara Rd #112	0.10mi	2/2.0 (-1)	1,346 (-6%)	7mo	$38,000	$28	73

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 · 2.32% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.26×
• Total profit: $80,272
• Equity at exit: $5,890

10-year hold

• IRR: —
• Equity multiple: 17.07×
• Total profit: $177,680
• Equity at exit: $3,415

Cash invested: $11,060 (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.

Methodology + full state rankings →

ZIP-level market 92311

• Home prices YoY: -30.6%
• Rents YoY: 2.3%
• Active inventory: 343
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $2,056 high
• Mortgage (P&I): −$207
• Tax from tax record: −$18 /mo · $215/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $1,383

Break-even live

Break-even rent $306

Max offer price $39,500

Occupancy floor 28%

Sensitivity live

Price	-10% $1,405	-5% $1,394	+0% $1,383	+5% $1,371	+10% $1,360
Rent	-10% $1,220	-5% $1,301	+0% $1,383	+5% $1,464	+10% $1,545
Rate	-1.0pp $1,402	-0.5pp $1,393	base $1,383	+0.5pp $1,372	+1.0pp $1,362

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: $9,875
• Closing costs: $1,185
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
800 Arbor Way Barstow, CA	3.0	2.0	1000	$2,500	$2.50	25d	1	0.14mi
1801 Rimrock Rd Barstow, CA	1.0–2.0	1.0–2.0	775	$1,810	$2.34	0d	6	0.31mi
1900 Dill Rd Barstow, CA	1.0–3.0	1.0–2.0	892	$1,505	$1.69	0d	8	0.48mi
332 Date Ave Barstow, CA	4.0	2.0	1144	$1,950	$1.70	44d	1	0.78mi
936 Pinon Dr Barstow, CA	4.0	2.0	1762	$2,400	$1.36	25d	1	1.20mi
810 Starlight St Barstow, CA	3.0	2.0	1430	$1,895	$1.33	44d	1	1.38mi
937 E Elizabeth St Barstow, CA	4.0	1.0	1422	$2,195	$1.54	5d	1	1.39mi

Listing history 15 events

1. 2026-06-18
   days on market $39,500 Active 49 DOM
2. 2026-06-17
   days on market $39,500 Active 48 DOM
3. 2026-06-16
   days on market $39,500 Active 47 DOM
4. 2026-06-15
   days on market $39,500 Active 46 DOM
5. 2026-06-13
   days on market $39,500 Active 44 DOM
6. 2026-06-13
   days on market $39,500 Active 43 DOM
7. 2026-06-09
   days on market $39,500 Active 40 DOM
8. 2026-06-08
   days on market $39,500 Active 39 DOM
9. 2026-06-07
   days on market $39,500 Active 38 DOM
10. 2026-06-04
    days on market $39,500 Active 35 DOM
11. 2026-06-03
    days on market $39,500 Active 34 DOM
12. 2026-06-02
    days on market $39,500 Active 33 DOM
13. 2026-06-01
    days on market $39,500 Active 32 DOM
14. 2026-05-31
    days on market $39,500 Active 31 DOM
15. 2026-04-30
    listed $42,000 Active 443-char remark

ⓘ 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: $215 · $18/mo
• Projected year-2 tax: $300 · $25/mo
• Expected delta: +$85/yr (+$7/mo · 39.8%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 11 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,670
• − Mortgage interest: −$2,213
• − Property taxes: −$215
• − Insurance: −$198
• − Repairs & maintenance: −$1,974
• − Management: −$1,974
• − Depreciation: −$1,149
• Taxable income: $16,949
• Est. tax owed @ 24.0%: −$4,068
• After-tax cash flow: $12,523/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: Barstow Unified
• NCES district ID: 0604020
• Math proficiency: 11% ▼ -7.00%
• Reading proficiency: 22% ▼ -7.00%
• Median HH income: $44,505
• Composite: 14.44/100
• National rank: #9430
• State rank: #482 of 517 in CA

Livability — Barstow

• Score: 63/100
• State rank: #444
• US rank: #15099

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Barstow, CA
• County: San Bernardino County · 2,030,291 people
• City population: 33,954
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 33,954
• Household income: $61,862
• Rent vs Own: 50.0% rent · 50.0% own
• Severe rent burden: 1305.0

Population outlook (San Bernardino County) Hauer SSP2

• Today (2025): 2,300,329 people
• By 2030: 2,378,907 · +3.4%
• By 2040: 2,523,137 · +9.7%
• By 2050: 2,642,388 · +14.9%
• By 2075: 2,880,769 · +25.2%
• By 2100: 2,909,436 · +26.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Hispanic / Latino 46% White 29% Two or more races 22% Black 15% Native American 3% Asian 2% Pacific Islander 1%
• Hispanic origin (detail): Mexican 39% Puerto Rican 2%
• Common ancestry: Portuguese 1% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 77% English-only · Spanish 20% Tagalog/Filipino 1% Other Indo-European 1%

Political lean MEDSL · San Bernardino

• 2024 margin: Toss-up / Even · D 47.5% · R 49.7% · Other 2.8%
• 2008→2024 swing: -8.5pp toward R · 2008: 6.3pp · 2024: -2.1pp
• All cycles: 2024: R+2.1 2020: D+10.7 2016: D+9.8 2012: D+5.4 2008: D+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -139.26%
• Current HPI: 316.4858
• Rent YoY: ▲ 2.32%
• 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
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-6.0% since first listed

2 events — show timeline

• 2026-05-22 Price Changed $39,500 CRMLS
• 2026-04-30 Listed $42,000 CRMLS

Property tax history

+1.9%/yr

Latest (2025): $215 · -0.2% YoY. Source: county tax records.