24515 California Ave #21 · 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 8/10 · Major
- Est. fire insurance / yr
- $659 – $1,223
Heat risk 7/10 · Major
- Hot days now (above 105°F)
- 4 days/yr
- Hot days in 30 yrs
- 10 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 7/10 · Major
- Unhealthy air days now
- 14 days/yr
- Unhealthy air days in 30 yrs
- 17 days/yr
Risk factors via First Street. Map © Google.
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 +17.3/30.0
- ARV discount +7.5/15.0
- 1% rule +5.6/10.0
- DSCR +5.4/10.0
- 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
$199,999
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This Lovely spacious manufactured home is located in desirable Maze Stone Village, a 55+ community. This 2 bedroom 2 bath home with additional Guest room/Den combination has a Beautiful views of the valley and surrounding hills that can be enjoyed from your front porch, and from many of the home's windows. It has a sought after Enclosed Garage which is almost necessary in the Hemet Valley heat. Enter through the front door into in the living room onto blonde wood floors. The stone fireplace in the living room provides a warm ambiance on chilly fall days and cold winter nights. The living room hosts an Open Floor Plan with the Dining Room, a spacious Kitchen with plenty of cabinets designed for efficiency that any cook or chef would love. The Ensuite Bedroom can accommodate a King Sized Bed. There is a walk-in closet and a large Ensuite Bath complete with a Jetted soaking Tub, a step in Shower and dual Pullmans. There is a Den/Guest Room off the main living area with double doors and the guest bath has a step in shower and a built in Pullman. Off the kitchen there is a separate Laundry Room with a built-in desk area providing convenience and additional storage. The newer washer and dryer are included compliments of the seller. NO Space Rent! You have Ownership in the development. Monthly HOA Dues include the land tax and water and sewer. Maze Stone Village Amenities include: Pool, Spa, RV Parking, Clubhouse, Office, Library, Walking Trails, Pool Table and more. Enjoy social activities planned by the residents. Two Pets are allowed with no size limit. Call to see today and get Ready to Move!
Key facts
- Jetted soaking tub
- Open floor plan
- Walk-in closet
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath manufactured listed at $200k.
Deal economics
- At list price, monthly cash flow is $147 ($2k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $200k).
- Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
- Cap rate 7.2% vs local median 4.9% 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); 290 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
- This rent runs 40% 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 $6k 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 385 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts since 5y ago; this cycle's ask has dropped $130k (39%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Climate carrying-cost: severe wildfire risk; extreme-heat days projected 4→10/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 385 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- 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?
- 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
- 1.06% ✓
- Cap rate
- 7.18%
- Cash-on-cash
- 3.16%
- DSCR
- 1.14
- GRM
- 7.8
CMA / ARV
- ARV (median comp)
- $472,859
- List price
- $199,999
- Delta
- -57.70%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 2 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 24515 California Ave #1 | 0.08mi | 2/2.0 | 1,536 (-7%) | 10mo | $225,000 | $146 | 76 |
| 24515 California Ave #28 | 0.00mi | 2/2.0 | 1,440 (-12%) | 13mo | $175,000 | $122 | 68 |
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
- -10.3%
- Equity multiple
- 0.62×
- Total profit
- $-21,303
- Equity at exit
- $29,821
- IRR
- 0.2%
- Equity multiple
- 1.01×
- Total profit
- $687
- Equity at exit
- $17,292
Cash invested: $56,000 (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
- 290
- Price-to-rent
- 7.8×
Monthly cashflow live
- Estimated rent
- $2,127 medium interval (Pro) →
- Mortgage (P&I)
- −$1,049
- Tax from tax record
- −$37 /mo · $442/yr
- Insurance
- −$83
- HOA
- −$364
- Vacancy / Maint / Mgmt
- −$447
- Net cashflow
- $147
Break-even live
Sensitivity live
| Price | -10% $261 | -5% $204 | +0% $147 | +5% $91 | +10% $34 |
|---|---|---|---|---|---|
| Rent | -10% $-21 | -5% $63 | +0% $147 | +5% $231 | +10% $315 |
| Rate | -1.0pp $248 | -0.5pp $198 | base $147 | +0.5pp $96 | +1.0pp $43 |
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
- $50,000
- Closing costs
- $6,000
- 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 1 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 180 Lehman Way Hemet, CA | 3.0 | 2.0 | 1861 | $2,500 | $1.34 | 15d | 1 | 1.21mi |
HOA detail
- Monthly dues
- $364 · $4,368/yr
- Likely covers
- watersewerpool
Listing history 22 events
-
2026-06-18days on market $199,999 Active 385 DOM
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2026-06-17days on market $199,999 Active 384 DOM
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2026-06-16days on market $199,999 Active 383 DOM
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2026-06-15days on market $199,999 Active 382 DOM
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2026-06-13days on market $199,999 Active 380 DOM
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2026-06-09days on market $199,999 Active 376 DOM
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2026-06-08days on market $199,999 Active 375 DOM
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2026-06-07days on market $199,999 Active 374 DOM
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2026-06-04statusdays on market $199,999 Active 371 DOM
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2026-06-03days on market $199,999 Active Under Contract 370 DOM
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2026-06-02days on market $199,999 Active Under Contract 369 DOM
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2026-06-01days on market $199,999 Active Under Contract 368 DOM
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2026-05-31days on market $199,999 Active Under Contract 367 DOM
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2026-05-05historical Active Under Contract 1616-char remark
Show marketing remark (1616 chars)
This Lovely spacious manufactured home is located in desirable Maze Stone Village, a 55+ community. This 2 bedroom 2 bath home with additional Guest room/Den combination has a Beautiful views of the valley and surrounding hills that can be enjoyed from your front porch, and from many of the home's windows. It has a sought after Enclosed Garage which is almost necessary in the Hemet Valley heat. Enter through the front door into in the living room onto blonde wood floors. The stone fireplace in the living room provides a warm ambiance on chilly fall days and cold winter nights. The living room hosts an Open Floor Plan with the Dining Room, a spacious Kitchen with plenty of cabinets designed for efficiency that any cook or chef would love. The Ensuite Bedroom can accommodate a King Sized Bed. There is a walk-in closet and a large Ensuite Bath complete with a Jetted soaking Tub, a step in Shower and dual Pullmans. There is a Den/Guest Room off the main living area with double doors and the guest bath has a step in shower and a built in Pullman. Off the kitchen there is a separate Laundry Room with a built-in desk area providing convenience and additional storage. The newer washer and dryer are included compliments of the seller. NO Space Rent! You have Ownership in the development. Monthly HOA Dues include the land tax and water and sewer. Maze Stone Village Amenities include: Pool, Spa, RV Parking, Clubhouse, Office, Library, Walking Trails, Pool Table and more. Enjoy social activities planned by the residents. Two Pets are allowed with no size limit. Call to see today and get Ready to Move!
-
2026-03-24price $199,999 1616-char remark
Show marketing remark (1616 chars)
This Lovely spacious manufactured home is located in desirable Maze Stone Village, a 55+ community. This 2 bedroom 2 bath home with additional Guest room/Den combination has a Beautiful views of the valley and surrounding hills that can be enjoyed from your front porch, and from many of the home's windows. It has a sought after Enclosed Garage which is almost necessary in the Hemet Valley heat. Enter through the front door into in the living room onto blonde wood floors. The stone fireplace in the living room provides a warm ambiance on chilly fall days and cold winter nights. The living room hosts an Open Floor Plan with the Dining Room, a spacious Kitchen with plenty of cabinets designed for efficiency that any cook or chef would love. The Ensuite Bedroom can accommodate a King Sized Bed. There is a walk-in closet and a large Ensuite Bath complete with a Jetted soaking Tub, a step in Shower and dual Pullmans. There is a Den/Guest Room off the main living area with double doors and the guest bath has a step in shower and a built in Pullman. Off the kitchen there is a separate Laundry Room with a built-in desk area providing convenience and additional storage. The newer washer and dryer are included compliments of the seller. NO Space Rent! You have Ownership in the development. Monthly HOA Dues include the land tax and water and sewer. Maze Stone Village Amenities include: Pool, Spa, RV Parking, Clubhouse, Office, Library, Walking Trails, Pool Table and more. Enjoy social activities planned by the residents. Two Pets are allowed with no size limit. Call to see today and get Ready to Move!
-
2026-01-02price $235,000 1616-char remark
Show marketing remark (1616 chars)
This Lovely spacious manufactured home is located in desirable Maze Stone Village, a 55+ community. This 2 bedroom 2 bath home with additional Guest room/Den combination has a Beautiful views of the valley and surrounding hills that can be enjoyed from your front porch, and from many of the home's windows. It has a sought after Enclosed Garage which is almost necessary in the Hemet Valley heat. Enter through the front door into in the living room onto blonde wood floors. The stone fireplace in the living room provides a warm ambiance on chilly fall days and cold winter nights. The living room hosts an Open Floor Plan with the Dining Room, a spacious Kitchen with plenty of cabinets designed for efficiency that any cook or chef would love. The Ensuite Bedroom can accommodate a King Sized Bed. There is a walk-in closet and a large Ensuite Bath complete with a Jetted soaking Tub, a step in Shower and dual Pullmans. There is a Den/Guest Room off the main living area with double doors and the guest bath has a step in shower and a built in Pullman. Off the kitchen there is a separate Laundry Room with a built-in desk area providing convenience and additional storage. The newer washer and dryer are included compliments of the seller. NO Space Rent! You have Ownership in the development. Monthly HOA Dues include the land tax and water and sewer. Maze Stone Village Amenities include: Pool, Spa, RV Parking, Clubhouse, Office, Library, Walking Trails, Pool Table and more. Enjoy social activities planned by the residents. Two Pets are allowed with no size limit. Call to see today and get Ready to Move!
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2025-09-20price $260,000 1616-char remark
Show marketing remark (1616 chars)
This Lovely spacious manufactured home is located in desirable Maze Stone Village, a 55+ community. This 2 bedroom 2 bath home with additional Guest room/Den combination has a Beautiful views of the valley and surrounding hills that can be enjoyed from your front porch, and from many of the home's windows. It has a sought after Enclosed Garage which is almost necessary in the Hemet Valley heat. Enter through the front door into in the living room onto blonde wood floors. The stone fireplace in the living room provides a warm ambiance on chilly fall days and cold winter nights. The living room hosts an Open Floor Plan with the Dining Room, a spacious Kitchen with plenty of cabinets designed for efficiency that any cook or chef would love. The Ensuite Bedroom can accommodate a King Sized Bed. There is a walk-in closet and a large Ensuite Bath complete with a Jetted soaking Tub, a step in Shower and dual Pullmans. There is a Den/Guest Room off the main living area with double doors and the guest bath has a step in shower and a built in Pullman. Off the kitchen there is a separate Laundry Room with a built-in desk area providing convenience and additional storage. The newer washer and dryer are included compliments of the seller. NO Space Rent! You have Ownership in the development. Monthly HOA Dues include the land tax and water and sewer. Maze Stone Village Amenities include: Pool, Spa, RV Parking, Clubhouse, Office, Library, Walking Trails, Pool Table and more. Enjoy social activities planned by the residents. Two Pets are allowed with no size limit. Call to see today and get Ready to Move!
-
2025-07-11price $299,990 1616-char remark
Show marketing remark (1616 chars)
This Lovely spacious manufactured home is located in desirable Maze Stone Village, a 55+ community. This 2 bedroom 2 bath home with additional Guest room/Den combination has a Beautiful views of the valley and surrounding hills that can be enjoyed from your front porch, and from many of the home's windows. It has a sought after Enclosed Garage which is almost necessary in the Hemet Valley heat. Enter through the front door into in the living room onto blonde wood floors. The stone fireplace in the living room provides a warm ambiance on chilly fall days and cold winter nights. The living room hosts an Open Floor Plan with the Dining Room, a spacious Kitchen with plenty of cabinets designed for efficiency that any cook or chef would love. The Ensuite Bedroom can accommodate a King Sized Bed. There is a walk-in closet and a large Ensuite Bath complete with a Jetted soaking Tub, a step in Shower and dual Pullmans. There is a Den/Guest Room off the main living area with double doors and the guest bath has a step in shower and a built in Pullman. Off the kitchen there is a separate Laundry Room with a built-in desk area providing convenience and additional storage. The newer washer and dryer are included compliments of the seller. NO Space Rent! You have Ownership in the development. Monthly HOA Dues include the land tax and water and sewer. Maze Stone Village Amenities include: Pool, Spa, RV Parking, Clubhouse, Office, Library, Walking Trails, Pool Table and more. Enjoy social activities planned by the residents. Two Pets are allowed with no size limit. Call to see today and get Ready to Move!
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2025-05-29$329,900 Active 1616-char remark
Show marketing remark (1616 chars)
This Lovely spacious manufactured home is located in desirable Maze Stone Village, a 55+ community. This 2 bedroom 2 bath home with additional Guest room/Den combination has a Beautiful views of the valley and surrounding hills that can be enjoyed from your front porch, and from many of the home's windows. It has a sought after Enclosed Garage which is almost necessary in the Hemet Valley heat. Enter through the front door into in the living room onto blonde wood floors. The stone fireplace in the living room provides a warm ambiance on chilly fall days and cold winter nights. The living room hosts an Open Floor Plan with the Dining Room, a spacious Kitchen with plenty of cabinets designed for efficiency that any cook or chef would love. The Ensuite Bedroom can accommodate a King Sized Bed. There is a walk-in closet and a large Ensuite Bath complete with a Jetted soaking Tub, a step in Shower and dual Pullmans. There is a Den/Guest Room off the main living area with double doors and the guest bath has a step in shower and a built in Pullman. Off the kitchen there is a separate Laundry Room with a built-in desk area providing convenience and additional storage. The newer washer and dryer are included compliments of the seller. NO Space Rent! You have Ownership in the development. Monthly HOA Dues include the land tax and water and sewer. Maze Stone Village Amenities include: Pool, Spa, RV Parking, Clubhouse, Office, Library, Walking Trails, Pool Table and more. Enjoy social activities planned by the residents. Two Pets are allowed with no size limit. Call to see today and get Ready to Move!
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2021-08-06soldstatus $199,900 Closed Sale 1368-char remark
Show marketing remark (1368 chars)
This charming Maze Stone Village 55+ age qualified Factory Engineered Home located on the middle street boasts a relaxed, inviting front yard that sets the stage for this 2 bedroom plus an Office/Craft room, 2 bath, 1646 sq ft home that features a fireplace in the family room. The kitchen has lots of counter space and cabinetry, gas cook top with separate built in double oven, Microwave, dishwasher and near-new refrigerator with Gorgeous laminate flooring throughout most of the home. Adjacent to the kitchen is the formal dining room with a built in China Cabinet. The Master Bedroom is oversized with a walk in closet, The Master Ensuite has dual pullmans, a jetted tub and separate shower, The Guest bedroom has dual closet doors, The guest bath has a single pullman and EZ Step in shower, The inside laundry room includes an upscale Washer and Dryer built in desk, lots of cabinetry with access to the garage. The front covered patio is perfect for relaxing and enjoying the peacefulness of the nearby Mountains with an occasional glimpse of the Aircraft landing and taking off at Hemet Ryan Airfield. There's a 1 car garage with access to the covered back patio. In Maze Stone Village your ownership is 1/62 of the Mutual Benefit Corporation. Amenities include Pool, Spa, Clubhouse, RV Parking and Access for Friends/Family to stay short term with RV hookups.
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2021-07-06status Pending Sale 1368-char remark
Show marketing remark (1368 chars)
This charming Maze Stone Village 55+ age qualified Factory Engineered Home located on the middle street boasts a relaxed, inviting front yard that sets the stage for this 2 bedroom plus an Office/Craft room, 2 bath, 1646 sq ft home that features a fireplace in the family room. The kitchen has lots of counter space and cabinetry, gas cook top with separate built in double oven, Microwave, dishwasher and near-new refrigerator with Gorgeous laminate flooring throughout most of the home. Adjacent to the kitchen is the formal dining room with a built in China Cabinet. The Master Bedroom is oversized with a walk in closet, The Master Ensuite has dual pullmans, a jetted tub and separate shower, The Guest bedroom has dual closet doors, The guest bath has a single pullman and EZ Step in shower, The inside laundry room includes an upscale Washer and Dryer built in desk, lots of cabinetry with access to the garage. The front covered patio is perfect for relaxing and enjoying the peacefulness of the nearby Mountains with an occasional glimpse of the Aircraft landing and taking off at Hemet Ryan Airfield. There's a 1 car garage with access to the covered back patio. In Maze Stone Village your ownership is 1/62 of the Mutual Benefit Corporation. Amenities include Pool, Spa, Clubhouse, RV Parking and Access for Friends/Family to stay short term with RV hookups.
-
2021-05-28$199,900 Active 1368-char remark
Show marketing remark (1368 chars)
This charming Maze Stone Village 55+ age qualified Factory Engineered Home located on the middle street boasts a relaxed, inviting front yard that sets the stage for this 2 bedroom plus an Office/Craft room, 2 bath, 1646 sq ft home that features a fireplace in the family room. The kitchen has lots of counter space and cabinetry, gas cook top with separate built in double oven, Microwave, dishwasher and near-new refrigerator with Gorgeous laminate flooring throughout most of the home. Adjacent to the kitchen is the formal dining room with a built in China Cabinet. The Master Bedroom is oversized with a walk in closet, The Master Ensuite has dual pullmans, a jetted tub and separate shower, The Guest bedroom has dual closet doors, The guest bath has a single pullman and EZ Step in shower, The inside laundry room includes an upscale Washer and Dryer built in desk, lots of cabinetry with access to the garage. The front covered patio is perfect for relaxing and enjoying the peacefulness of the nearby Mountains with an occasional glimpse of the Aircraft landing and taking off at Hemet Ryan Airfield. There's a 1 car garage with access to the covered back patio. In Maze Stone Village your ownership is 1/62 of the Mutual Benefit Corporation. Amenities include Pool, Spa, Clubhouse, RV Parking and Access for Friends/Family to stay short term with RV hookups.
ⓘ 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
- $442 · $37/mo
- Projected year-2 tax
- $1,520 · $127/mo
- Expected delta
- +$1,078/yr (+$90/mo · 243.9%)
ⓘ 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 8/10 Severe
- Heat 7/10 Severe 4 d/yr ≥105°F today · 10 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 7/10 Severe 14 unhealthy d/yr today · 17 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
- $25,524
- − Mortgage interest
- −$11,203
- − Property taxes
- −$442
- − Insurance
- −$1,000
- − Repairs & maintenance
- −$2,042
- − Management
- −$2,042
- − HOA
- −$4,368
- − Depreciation
- −$5,818
- Taxable loss
- −$1,391
- Est. tax savings @ 24.0%
- +$334
- After-tax cash flow
- $2,102/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
- 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
+0.0% since first listed9 events — show timeline
- 2026-05-05 Contingent — CRMLS
- 2026-03-24 Price Changed $199,999 CRMLS
- 2026-01-02 Price Changed $235,000 CRMLS
- 2025-09-20 Price Changed $260,000 CRMLS
- 2025-07-11 Price Changed $299,990 CRMLS
- 2025-05-29 Listed $329,900 CRMLS
- 2021-08-06 Sold (MLS) $199,900 CRMLS
- 2021-07-06 Pending — CRMLS
- 2021-05-28 Listed $199,900 CRMLS
Property tax history
-0.6%/yrLatest (2025): $442 · +2.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…