17637 Poquito Ln · Mead Valley, CA 92570

$249,800

2 bd · 1.0 ba · 600 sqft · Manufactured public records · 42 Days on market

Built 1979 10,019 sqft lot $416/sqft · 10% above area

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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 +15.3/30.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• 1% rule +3.8/10.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CASH ONLY! Price improvement for a quick sale! Investor opportunity with endless potential in the growing area of Perris! This is a unique fixer-upper property featuring 2 dwellings on one lot with the potential to convert the existing garage into a possible 3rd unit (buyer to verify with city/county). This versatile property is ideal for multi-generational living, rental income, or investors looking to add value in a rapidly developing area. Located near the highly desirable communities of Woodcrest and Orangecrest in Riverside, this property offers convenient access to shopping, dining, parks, schools, and outdoor recreation while still maintaining a spacious rural feel. Just minutes from Mission Grove shopping center, residents can enjoy nearby restaurants, retail, grocery stores, and entertainment. Nearby attractions include Gless Ranch Orchard Care and Ranch Market, known for its fresh produce, local goods, and family-friendly atmosphere. The property is also conveniently located near newer residential developments, including KB Home’s Catania community, highlighting the continued growth and demand in the area. Outdoor lovers will appreciate being close to Lake Perris State Recreation Area and Harford Springs Reserve for hiking, biking, horseback riding, camping, and lake activities. Families and pet owners can also enjoy nearby parks such as Orange Terrace Park. The area continues to see growth with surrounding new home developments and expanding amenities, making this a strong long-term investment opportunity. The property sits on approximately a 10,019 sq ft lot and includes ample parking, a white vinyl perimeter fence for added privacy, and flexible living possibilities. Whether you are looking to renovate, create rental income, or build equity, this property is full of potential in a strategic location with easy access to Riverside, Moreno Valley, and major commuter routes. Priced to sell quickly. Submit your offers today!

Key facts

• 2 dwellings in 1
• 0.23 acre lot
• 2 garage spots

Tags

• 2 DWELLINGS IN 1
• ABILITY TO CONVERT GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $250k.

Deal economics

• At list price, monthly cash flow is $93 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (12.0% below list).
• Recommended offer: $220k (12.0% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 3.3% in Mead Valley — 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 41/100 on livability (#1,381 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: schools F, crime F, amenities F.
• Val Verde Unified (suburban): math 28% / reading 44% proficiency, ranked #820 of 1,400 in CA (top 59%) — 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: 205 active listings in the ZIP; solid renter incomes; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• This rent runs 33% of the median local income ($79k/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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $110k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $124k; list at $250k implies a 101% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $219,869 (12.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.88% ✗
• Cap rate: 6.74%
• Cash-on-cash: 1.60%
• DSCR: 1.07
• GRM: 9.5

CMA / ARV

• ARV (median comp): $589,730
• List price: $249,800
• Delta: -57.64%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20399 Bailly St	0.70mi	2/1.5	672 (+12%)	9mo	$235,000	$350	38

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.8%
• Equity multiple: 0.51×
• Total profit: $-34,553
• Equity at exit: $37,246

10-year hold

• IRR: -4.9%
• Equity multiple: 0.68×
• Total profit: $-22,508
• Equity at exit: $21,598

Cash invested: $69,944 (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 92570

• Home prices YoY: -11.8%
• Active inventory: 205
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,199 medium
• Mortgage (P&I): −$1,310
• Tax from tax record: −$230 /mo · $2,755/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $93

Break-even live

Break-even rent $2,081

Max offer price $249,800

Occupancy floor 91%

Sensitivity live

Price	-10% $235	-5% $164	+0% $93	+5% $23	+10% $-48
Rent	-10% $-80	-5% $6	+0% $93	+5% $180	+10% $267
Rate	-1.0pp $219	-0.5pp $157	base $93	+0.5pp $29	+1.0pp $-37

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: $62,450
• Closing costs: $7,494
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-18
   days on market $249,800 Active 42 DOM
2. 2026-06-17
   days on market $249,800 Active 41 DOM
3. 2026-06-16
   days on market $249,800 Active 40 DOM
4. 2026-06-15
   days on market $249,800 Active 39 DOM
5. 2026-06-13
   days on market $249,800 Active 37 DOM
6. 2026-06-10
   status $249,800 Active 33 DOM
7. 2026-05-13
   price $275,000 1972-char remark

   Show marketing remark (1972 chars)

   CASH ONLY! Price improvement for a quick sale! Investor opportunity with endless potential in the growing area of Perris! This is a unique fixer-upper property featuring 2 dwellings on one lot with the potential to convert the existing garage into a possible 3rd unit (buyer to verify with city/county). This versatile property is ideal for multi-generational living, rental income, or investors looking to add value in a rapidly developing area. Located near the highly desirable communities of Woodcrest and Orangecrest in Riverside, this property offers convenient access to shopping, dining, parks, schools, and outdoor recreation while still maintaining a spacious rural feel. Just minutes from Mission Grove shopping center, residents can enjoy nearby restaurants, retail, grocery stores, and entertainment. Nearby attractions include Gless Ranch Orchard Care and Ranch Market, known for its fresh produce, local goods, and family-friendly atmosphere. The property is also conveniently located near newer residential developments, including KB Home’s Catania community, highlighting the continued growth and demand in the area. Outdoor lovers will appreciate being close to Lake Perris State Recreation Area and Harford Springs Reserve for hiking, biking, horseback riding, camping, and lake activities. Families and pet owners can also enjoy nearby parks such as Orange Terrace Park. The area continues to see growth with surrounding new home developments and expanding amenities, making this a strong long-term investment opportunity. The property sits on approximately a 10,019 sq ft lot and includes ample parking, a white vinyl perimeter fence for added privacy, and flexible living possibilities. Whether you are looking to renovate, create rental income, or build equity, this property is full of potential in a strategic location with easy access to Riverside, Moreno Valley, and major commuter routes. Priced to sell quickly. Submit your offers today!

8. 2026-04-22
   status Active 1972-char remark

   Show marketing remark (1972 chars)

   CASH ONLY! Price improvement for a quick sale! Investor opportunity with endless potential in the growing area of Perris! This is a unique fixer-upper property featuring 2 dwellings on one lot with the potential to convert the existing garage into a possible 3rd unit (buyer to verify with city/county). This versatile property is ideal for multi-generational living, rental income, or investors looking to add value in a rapidly developing area. Located near the highly desirable communities of Woodcrest and Orangecrest in Riverside, this property offers convenient access to shopping, dining, parks, schools, and outdoor recreation while still maintaining a spacious rural feel. Just minutes from Mission Grove shopping center, residents can enjoy nearby restaurants, retail, grocery stores, and entertainment. Nearby attractions include Gless Ranch Orchard Care and Ranch Market, known for its fresh produce, local goods, and family-friendly atmosphere. The property is also conveniently located near newer residential developments, including KB Home’s Catania community, highlighting the continued growth and demand in the area. Outdoor lovers will appreciate being close to Lake Perris State Recreation Area and Harford Springs Reserve for hiking, biking, horseback riding, camping, and lake activities. Families and pet owners can also enjoy nearby parks such as Orange Terrace Park. The area continues to see growth with surrounding new home developments and expanding amenities, making this a strong long-term investment opportunity. The property sits on approximately a 10,019 sq ft lot and includes ample parking, a white vinyl perimeter fence for added privacy, and flexible living possibilities. Whether you are looking to renovate, create rental income, or build equity, this property is full of potential in a strategic location with easy access to Riverside, Moreno Valley, and major commuter routes. Priced to sell quickly. Submit your offers today!

9. 2026-04-21
   listed $360,000 Active 1972-char remark

   Show marketing remark (1972 chars)

   CASH ONLY! Price improvement for a quick sale! Investor opportunity with endless potential in the growing area of Perris! This is a unique fixer-upper property featuring 2 dwellings on one lot with the potential to convert the existing garage into a possible 3rd unit (buyer to verify with city/county). This versatile property is ideal for multi-generational living, rental income, or investors looking to add value in a rapidly developing area. Located near the highly desirable communities of Woodcrest and Orangecrest in Riverside, this property offers convenient access to shopping, dining, parks, schools, and outdoor recreation while still maintaining a spacious rural feel. Just minutes from Mission Grove shopping center, residents can enjoy nearby restaurants, retail, grocery stores, and entertainment. Nearby attractions include Gless Ranch Orchard Care and Ranch Market, known for its fresh produce, local goods, and family-friendly atmosphere. The property is also conveniently located near newer residential developments, including KB Home’s Catania community, highlighting the continued growth and demand in the area. Outdoor lovers will appreciate being close to Lake Perris State Recreation Area and Harford Springs Reserve for hiking, biking, horseback riding, camping, and lake activities. Families and pet owners can also enjoy nearby parks such as Orange Terrace Park. The area continues to see growth with surrounding new home developments and expanding amenities, making this a strong long-term investment opportunity. The property sits on approximately a 10,019 sq ft lot and includes ample parking, a white vinyl perimeter fence for added privacy, and flexible living possibilities. Whether you are looking to renovate, create rental income, or build equity, this property is full of potential in a strategic location with easy access to Riverside, Moreno Valley, and major commuter routes. Priced to sell quickly. Submit your offers today!

10. 2026-04-21
    historical 1972-char remark

    Show marketing remark (1972 chars)

    CASH ONLY! Price improvement for a quick sale! Investor opportunity with endless potential in the growing area of Perris! This is a unique fixer-upper property featuring 2 dwellings on one lot with the potential to convert the existing garage into a possible 3rd unit (buyer to verify with city/county). This versatile property is ideal for multi-generational living, rental income, or investors looking to add value in a rapidly developing area. Located near the highly desirable communities of Woodcrest and Orangecrest in Riverside, this property offers convenient access to shopping, dining, parks, schools, and outdoor recreation while still maintaining a spacious rural feel. Just minutes from Mission Grove shopping center, residents can enjoy nearby restaurants, retail, grocery stores, and entertainment. Nearby attractions include Gless Ranch Orchard Care and Ranch Market, known for its fresh produce, local goods, and family-friendly atmosphere. The property is also conveniently located near newer residential developments, including KB Home’s Catania community, highlighting the continued growth and demand in the area. Outdoor lovers will appreciate being close to Lake Perris State Recreation Area and Harford Springs Reserve for hiking, biking, horseback riding, camping, and lake activities. Families and pet owners can also enjoy nearby parks such as Orange Terrace Park. The area continues to see growth with surrounding new home developments and expanding amenities, making this a strong long-term investment opportunity. The property sits on approximately a 10,019 sq ft lot and includes ample parking, a white vinyl perimeter fence for added privacy, and flexible living possibilities. Whether you are looking to renovate, create rental income, or build equity, this property is full of potential in a strategic location with easy access to Riverside, Moreno Valley, and major commuter routes. Priced to sell quickly. Submit your offers today!

11. 2024-12-10
    soldstatus $124,500

ⓘ 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: $2,755 · $230/mo
• Projected year-2 tax: $2,755 · $230/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 9/10 Extreme
• 🌡 Heat 7/10 Severe 7 d/yr ≥101°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 25 unhealthy d/yr today · 31 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,384
• − Mortgage interest: −$13,993
• − Property taxes: −$2,755
• − Insurance: −$1,249
• − Repairs & maintenance: −$2,111
• − Management: −$2,111
• − Depreciation: −$7,267
• Taxable loss: −$3,101
• Est. tax savings @ 24.0%: +$744
• After-tax cash flow: $1,864/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: Val Verde Unified
• NCES district ID: 0691135
• Math proficiency: 28% ▲ 1.00%
• Reading proficiency: 44% ▲ 2.00%
• Median HH income: $57,468
• Composite: 34.45/100
• National rank: #10154
• State rank: #820 of 1400 in CA

Livability — Mead Valley

• Score: 41/100
• State rank: #1381
• US rank: #27206

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mead Valley, CA
• County: Riverside County · 2,287,001 people
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 58,082
• Household income: $79,393
• Rent vs Own: 33.5% rent · 66.5% own
• Severe rent burden: 1140.0

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: Predominantly Hispanic (77%)
• Race & ethnicity: Hispanic / Latino 77% Two or more races 15% White 14% Black 4% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 68%
• Common ancestry: Lithuanian 1% Italian 0%
• Foreign-born: 32% · Canada
• Languages at home: 33% English-only · Spanish 65% 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: ▼ -61.72%
• Current HPI: 460.1716
• Rent YoY: —
• 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

+120.9% since first listed

5 events — show timeline

• 2026-05-13 Price Changed $275,000 CRMLS
• 2026-04-22 Relisted — CRMLS
• 2026-04-21 Listing Removed — CRMLS
• 2026-04-21 Listed $360,000 CRMLS
• 2024-12-10 Sold (Public Records) $124,500 Public Records

Property tax history

+20.1%/yr

Latest (2025): $2,755 · -4.0% YoY. Source: county tax records.