426 Shorewood Ln #426 · San Jose, CA 95134

$249,998

4 bd · 2.0 ba · 1,538 sqft · Manufactured · 36 Days on market

Built 2004 Good condition $163/sqft · 25% below area Est $335k · 25% under

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Why this score? — see what drove the A 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.3/10.0
• Rent growth +4.0/5.0
• Appreciation +3.9/10.0
• Livability +3.9/5.0
• Condition / age +3.8/5.0

Listing remarks MLS

Your dream home awaits! This spacious 4-bedroom, 2-bath manufactured home offers 1,538 sq. ft. of comfortable living space in the highly desirable Lamplighter San Jose community. Featuring high ceilings, newly painted interiors, a cozy fireplace, and both air conditioning and heating for year-round comfort, this home feels bright, open, and inviting from the moment you walk in. Enjoy peaceful views from the primary bedroom window overlooking a nearby community park with a charming manmade lake, creating a relaxing and breathtaking atmosphere to wake up to each morning. During the summer months, the lake may transition into a lush green landscape, offering a serene natural backdrop year-round. Residents enjoy exceptional community amenities including a clubhouse, pool, and recreational areas. Ideally located near Highways 237, 880, and 101, with easy access to BART and light rail, commuting is effortless. Conveniently situated directly across from shopping centers featuring Target, dining, and everyday conveniences, and just minutes from Santa Clara Square and major tech employers including NVIDIA, Google, Cisco, and Oracle. Current space rent is $2,451 per month. Comfort, convenience, and lifestyle come together in this must-see home!

Key facts

• Air conditioning
• Heating
• Community park

Tags

• HIGH CEILINGS
• COZY FIREPLACE
• AIR CONDITIONING
• HEATING
• PEACEFUL VIEWS
• COMMUNITY PARK

Property features AI

Finance

• Other: No incorporation; Pets permitted (dogs allowed with number restrictions); Family park; Age: no restrictions
• HOA & community: Community pool; Clubhouse; Recreation room; Billiard room; Barbecue area

Exterior

• Parking: Carport (2 spaces)
• Utilities: Public water; Public sewer
• Home design: Single-story home; Leased land (park home site)
• Construction: Composition/Shingle roof
• Exterior features: Composition/shingle roof; Public utilities

Interior

• Kitchen: Exhaust fan; Microwave; Gas oven/range
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms with shower and tub
• Heating & cooling: Gas heating; Central forced air cooling
• Interior features: High ceilings; Skylights; Separate family room; Dining area; Gas-burning fireplace
• Laundry & utility: Washer and dryer included

🏷️ Possibly a rental listed for sale. The $249,998 price doesn't fit this home's estimated sale value (~$334,971) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $250k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $2k ($25k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $250k).
• Recommended offer: $242k (3.0% below list) — sets the bar for market timing.
• Cap rate 18.2% vs local median 1.6% in San Jose — 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 78/100 on livability (#68 in CA, #2,559 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Santa Clara Unified (urban): math 49% / reading 66% proficiency, ranked #75 of 517 in CA (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: George Mayne Elementary (300 students, 65% FRL); Adrian Wilcox High (math 55% / reading 72%, grade B-, #182 of 1,170 statewide, top 16%, 1,859 students, 40% FRL) — zoned schools average 52% FRL vs 33% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.9%/yr); 19 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 3,838 units permitted in Santa Clara County in 2024 (1,886 in 5+ unit buildings).
• This rent runs 31% of the median local income ($204k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-2.1%/yr); year-one equity from $2k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Santa Clara County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-2.1% appreciation + 5.9% rent growth), your $70k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); extreme-heat days projected 8→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $242,498 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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.
6. 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.
7. 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: 2.13% ✓
• Cap rate: 18.23%
• Cash-on-cash: 42.62%
• DSCR: 2.90
• GRM: 3.9

CMA / ARV

• ARV (median comp): $334,971
• List price: $249,998
• Delta: -25.37%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
424 Shorewood Ln #424	0.02mi	3/2.0 (-1)	1,620 (+5%)	2mo	$352,000	$217	84
498 Summerland Dr #498	0.10mi	3/2.0 (-1)	1,410 (-8%)	2mo	$250,000	$177	75
543 Southbay Dr #543	0.22mi	3/2.0 (-1)	1,440 (-6%)	7mo	$305,000	$212	68
503 Summerland Dr	0.14mi	3/2.0 (-1)	1,500 (-2%)	22mo	$275,000	$183	66
2052 Gold St #234	0.64mi	3/2.0 (-1)	1,560 (+1%)	4mo	$360,000	$231	60
366 Pinefield Rd #366	0.27mi	3/2.0 (-1)	1,440 (-6%)	22mo	$340,000	$236	54
507 Eucalyptus Dr #507	0.15mi	3/2.0 (-1)	1,334 (-13%)	16mo	$370,000	$277	53
2052 Gold St #34	0.64mi	3/2.0 (-1)	1,455 (-5%)	7mo	$459,900	$316	50
4271 N First St #153	0.28mi	3/2.0 (-1)	1,688 (+10%)	24mo	$375,000	$222	46
2052 Gold St #119	0.56mi	3/2.0 (-1)	1,344 (-13%)	12mo	$302,500	$225	38
2052 Gold St #212	0.72mi	3/2.0 (-1)	1,716 (+12%)	6mo	$370,000	$216	37
2052 Gold #15	0.64mi	3/3.0 (-1)	1,344 (-13%)	20mo	$360,000	$268	24

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

Projected returns pro-forma

-2.15% appreciation · 5.94% rent growth · sell at horizon

5-year hold

• IRR: 36.0%
• Equity multiple: 2.66×
• Total profit: $116,201
• Equity at exit: $46,817

10-year hold

• IRR: 43.4%
• Equity multiple: 6.00×
• Total profit: $350,196
• Equity at exit: $38,367

Cash invested: $69,999 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City San Jose: 0 Strongly Tenant-Friendly · D+24

Apartment Rent Ordinance covers pre-1979 multifamily.

Methodology + full state rankings →

ZIP-level market 95134

• Home prices YoY: -0.8%
• Rents YoY: 5.9%
• Active inventory: 19
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $5,334 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,120
• Net cashflow: $2,059

Break-even live

Break-even rent $2,727

Max offer price $249,998

Occupancy floor 56%

Sensitivity live

Price	-10% $2,232	-5% $2,146	+0% $2,059	+5% $1,973	+10% $1,887
Rent	-10% $1,638	-5% $1,849	+0% $2,059	+5% $2,270	+10% $2,481
Rate	-1.0pp $2,185	-0.5pp $2,123	base $2,059	+0.5pp $1,995	+1.0pp $1,929

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1 Vista Montana San Jose, CA	1.0–3.0	1.0–2.0	1184	$5,013	$4.23	2d	7	0.51mi
99 Vista Montana San Jose, CA	1.0–3.0	1.0–3.0	1085	$4,713	$4.34	2d	20	0.51mi
2333 Calle del Mundo Santa Clara, CA	1.0–3.0	1.0–2.0	991	$6,214	$6.27	2d	15	0.54mi
5150 Calle del Sol Santa Clara, CA	3.0	1.0–3.0	1357	$13,431	$9.90	2d	89	0.62mi
5175 Trinity Park Dr Alviso, CA	4.0	3.5	1295	$4,995	$3.86	24d	1	0.71mi
4726 Armour Dr Santa Clara, CA	5.0	4.0	1922	$7,200	$3.75	13d	1	1.06mi
4768 Cheeney St Santa Clara, CA	4.0	3.0	2223	$5,199	$2.34	44d	1	1.17mi
4516 Carlyle Ct #582 Santa Clara, CA	3.0	2.0	1345	$6,060	$4.51	15d	1	1.23mi
1650 Hope Dr Santa Clara, CA	1.0–3.0	1.0–2.0	1017	$4,695	$4.61	2d	10	1.29mi
4424 Headen Way Santa Clara, CA	3.0	2.5	1716	$5,400	$3.15	24d	1	1.37mi
1933 Silva Pl Santa Clara, CA	3.0	2.5	1726	$4,695	$2.72	13d	1	1.40mi
3700 Casa Verde St San Jose, CA	1.0–3.0	1.0–2.0	989	$4,851	$4.90	2d	18	1.42mi

Listing history 16 events

1. 2026-06-18
   days on market $249,998 Active 36 DOM
2. 2026-06-17
   days on market $249,998 Active 35 DOM
3. 2026-06-16
   days on market $249,998 Active 34 DOM
4. 2026-06-15
   days on market $249,998 Active 33 DOM
5. 2026-06-13
   days on market $249,998 Active 31 DOM
6. 2026-06-13
   days on market $249,998 Active 30 DOM
7. 2026-06-09
   days on market $249,998 Active 27 DOM
8. 2026-06-08
   days on market $249,998 Active 26 DOM
9. 2026-06-07
   days on market $249,998 Active 25 DOM
10. 2026-06-05
    days on market $249,998 Active 22 DOM
11. 2026-06-03
    days on market $249,998 Active 21 DOM
12. 2026-06-02
    days on market $249,998 Active 20 DOM
13. 2026-06-01
    days on market $249,998 Active 19 DOM
14. 2026-05-31
    days on market $249,998 Active 18 DOM
15. 2026-05-14
    listed $249,998 Active 1254-char remark

    Show marketing remark (1254 chars)

    Your dream home awaits! This spacious 4-bedroom, 2-bath manufactured home offers 1,538 sq. ft. of comfortable living space in the highly desirable Lamplighter San Jose community. Featuring high ceilings, newly painted interiors, a cozy fireplace, and both air conditioning and heating for year-round comfort, this home feels bright, open, and inviting from the moment you walk in. Enjoy peaceful views from the primary bedroom window overlooking a nearby community park with a charming manmade lake, creating a relaxing and breathtaking atmosphere to wake up to each morning. During the summer months, the lake may transition into a lush green landscape, offering a serene natural backdrop year-round. Residents enjoy exceptional community amenities including a clubhouse, pool, and recreational areas. Ideally located near Highways 237, 880, and 101, with easy access to BART and light rail, commuting is effortless. Conveniently situated directly across from shopping centers featuring Target, dining, and everyday conveniences, and just minutes from Santa Clara Square and major tech employers including NVIDIA, Google, Cisco, and Oracle. Current space rent is $2,451 per month. Comfort, convenience, and lifestyle come together in this must-see home!

16. 2026-05-14
    listed $249,998 Active 1254-char remark

    Show marketing remark (1254 chars)

    Your dream home awaits! This spacious 4-bedroom, 2-bath manufactured home offers 1,538 sq. ft. of comfortable living space in the highly desirable Lamplighter San Jose community. Featuring high ceilings, newly painted interiors, a cozy fireplace, and both air conditioning and heating for year-round comfort, this home feels bright, open, and inviting from the moment you walk in. Enjoy peaceful views from the primary bedroom window overlooking a nearby community park with a charming manmade lake, creating a relaxing and breathtaking atmosphere to wake up to each morning. During the summer months, the lake may transition into a lush green landscape, offering a serene natural backdrop year-round. Residents enjoy exceptional community amenities including a clubhouse, pool, and recreational areas. Ideally located near Highways 237, 880, and 101, with easy access to BART and light rail, commuting is effortless. Conveniently situated directly across from shopping centers featuring Target, dining, and everyday conveniences, and just minutes from Santa Clara Square and major tech employers including NVIDIA, Google, Cisco, and Oracle. Current space rent is $2,451 per month. Comfort, convenience, and lifestyle come together in this must-see home!

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 8 d/yr ≥91°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 13 unhealthy d/yr today · 13 by 30 yrs out

Taxation est. · year 1

• Rental income: $64,003
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$6,368
• − Repairs & maintenance: −$5,120
• − Management: −$5,120
• − Depreciation: −$7,273
• Taxable income: $22,368
• Est. tax owed @ 24.0%: −$5,368
• After-tax cash flow: $19,344/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.

Condition & rehab AI · 1 photo

Good 75/100 Cosmetic rehab

This spacious 4-bedroom, 2-bath manufactured home in the Lamplighter San Jose community is in good condition with minimal repairs needed. It offers high ceilings, a cozy fireplace, and both air conditioning and heating for year-round comfort. The home's curb appeal and interior aesthetics can be further enhanced with a fresh coat of paint, landscaping improvements, new flooring, and new windows and doors.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and creates a more inviting environment
• Both New flooring in bathrooms and kitchen — Improves functionality and aesthetics
• Both New windows and doors — Enhances energy efficiency and curb appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and creates a more inviting environment ↑
• Both New flooring in bathrooms and kitchen — Improves functionality and aesthetics ↑
• Both New windows and doors — Enhances energy efficiency and curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Santa Clara Unified
• NCES district ID: 0635430
• Math proficiency: 49% ▼ -3.00%
• Reading proficiency: 66% ▲ 4.00%
• Median HH income: $97,320
• Composite: 53.46/100
• National rank: #1459
• State rank: #75 of 517 in CA

Livability — San Jose

• Score: 78/100
• State rank: #68
• US rank: #2559

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Jose, CA
• County: Santa Clara County · 1,806,974 people
• City population: 954,479
• Metro: San Jose-Sunnyvale-Santa Clara, CA
• Population (ZIP): 30,471
• Household income: $203,649
• Rent vs Own: 86.2% rent · 13.8% own
• Severe rent burden: 921.0

Population outlook (Santa Clara County) Hauer SSP2

• Today (2025): 2,179,074 people
• By 2030: 2,301,297 · +5.6%
• By 2040: 2,528,195 · +16.0%
• By 2050: 2,712,135 · +24.5%
• By 2075: 2,998,701 · +37.6%
• By 2100: 2,931,429 · +34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Asian 63% White 17% Hispanic / Latino 13% Two or more races 5% Black 3%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Lithuanian 1% Italian 1% Subsaharan African 1%
• Foreign-born: 65% · China, Canada, South Korea
• Languages at home: 28% English-only · Other Indo-European 28% Other Asian/Pacific 14% Chinese 11%

Political lean MEDSL · Santa Clara

• 2024 margin: Solid D (+40.0) · D 68.1% · R 28.1% · Other 3.8%
• 2008→2024 swing: -0.9pp no change · 2008: 40.9pp · 2024: 40.0pp
• All cycles: 2024: D+40.0 2020: D+47.4 2016: D+52.5 2012: D+42.1 2008: D+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.15%
• Current HPI: 276.0008
• Rent YoY: ▲ 5.94%
• Metro: San Jose-Sunnyvale-Santa Clara, 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

+0.0% since first listed

2 events — show timeline

• 2026-05-14 Listed $249,998 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-05-14 Listed $249,998 MLSListings