8181 Folsom Blvd #56 · Sacramento, CA 95826

$89,000

2 bd · 2.0 ba · 1,170 sqft · Manufactured · 476 Days on market

Built 1967 2,800 sqft lot $76/sqft · 16% below area Est $106k · 16% under

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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
• ARV discount +14.7/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.6/5.0
• Schools +3.5/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Move-in ready! 55+ Community. Desirable area. Fresh paint, both inside and out. New vinyl flooring, newer HVAC, covered parking, storage shed. Tip-out and add-on for additional sqft. Refrigerator included. Seller financing available.

Key facts

• Covered parking
• Storage shed
• Newer hvac

Tags

• NEW VINYL FLOORING
• NEWER HVAC
• COVERED PARKING
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $89k.

Deal economics

• At list price, monthly cash flow is $994 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $89k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.7% vs local median 3.0% in Sacramento — 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 71/100 on livability (#218 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A; Watch: schools D+, crime F, cost of living F.
• Sacramento City Unified (urban): math 32% / reading 43% proficiency, ranked #804 of 1,400 in CA (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-0.3%/yr); 123 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 6,825 units permitted in Sacramento County in 2024 (1,752 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $615 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Sacramento County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 476 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 476 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 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
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: 2.29% ✓
• Cap rate: 19.69%
• Cash-on-cash: 47.85%
• DSCR: 3.13
• GRM: 3.6

CMA / ARV

• ARV (median comp): $106,086
• List price: $89,000
• Delta: -16.11%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8181 Folsom Blvd #8	0.00mi	2/2.0	1,200 (+3%)	9mo	$74,000	$62	88
8181 Folsom Blvd	0.14mi	2/2.0	1,140 (-3%)	7mo	$32,500	$29	84
8181 Folsom Blvd #209	0.03mi	3/2.0 (+1)	1,100 (-6%)	3mo	$85,000	$77	82
8181 Folsom Blvd #69	0.14mi	2/2.0	1,272 (+9%)	6mo	$85,000	$67	74
8181 Folsom Blvd #64	0.00mi	2/2.0	1,040 (-11%)	10mo	$105,000	$101	73
8181 Folsom Blvd #30	0.00mi	2/2.0	1,344 (+15%)	8mo	$99,900	$74	68
8181 Folsom Blvd #176	0.00mi	2/2.0	1,344 (+15%)	10mo	$119,350	$89	67
8181 Folsom Blvd #217	0.00mi	2/2.0	1,320 (+13%)	18mo	$75,500	$57	64
8181 Folsom Blvd #66	0.27mi	2/2.0	1,344 (+15%)	15mo	$150,000	$112	50
8181 Folsom Blvd #191	0.14mi	3/2.0 (+1)	1,344 (+15%)	18mo	$100,000	$74	49

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 41.9%
• Equity multiple: 2.72×
• Total profit: $42,930
• Equity at exit: $13,270

10-year hold

• IRR: 46.6%
• Equity multiple: 4.85×
• Total profit: $95,938
• Equity at exit: $7,695

Cash invested: $24,920 (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 95826

• Rents YoY: -0.3%
• Active inventory: 123
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $2,036 high
• Mortgage (P&I): −$467
• Tax est. 1.5%: −$111 /mo · $1,335/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $994

Break-even live

Break-even rent $779

Max offer price $89,000

Occupancy floor 46%

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 Bicentennial Cir Sacramento, CA	1.0–3.0	1.0–2.0	937	$2,174	$2.32	3d	31	0.40mi
3130 Occidental Dr Sacramento, CA	1.0–2.0	1.0	717	$1,635	$2.28	2d	12	0.46mi
7928 La Riviera Dr Sacramento, CA	1.0	1.0	704	$1,675	$2.38	4d	3	0.60mi
8351 La Riviera Dr Sacramento, CA	3.0	2.5	1370	$2,400	$1.75	43d	1	0.71mi
7901 La Riviera Dr Sacramento, CA	1.0–3.0	1.0–2.0	881	$1,962	$2.23	1d	8	0.87mi
8665 Everglade Dr Sacramento, CA	3.0	2.0	1282	$2,495	$1.95	43d	1	0.89mi
2920 Ramona Ave Sacramento, CA	1.0–4.0	1.0–4.0	1000	$2,505	$2.50	7d	1	1.01mi
1255 University Ave Sacramento, CA	2.0	2.0	890	$1,315	$1.48	23d	1	1.12mi
153 Waterglen Cir Sacramento, CA	3.0	2.0	1386	$3,100	$2.24	7d	1	1.21mi
8616 La Riviera Dr Unit 8616 Sacramento, CA	2.0	2.0	1154	$2,200	$1.91	43d	1	1.26mi
8613 La Riviera Dr Unit C Sacramento, CA	3.0	1.5	1191	$1,875	$1.57	43d	1	1.28mi
7008 Maita Cir Sacramento, CA	2.0	1.0	790	$1,975	$2.50	43d	1	1.31mi
2366 American River Dr Sacramento, CA	1.0–2.0	1.0	825	$2,175	$2.64	43d	1	1.32mi
2503 American River Dr Sacramento, CA	2.0	2.0	1300	$1,950	$1.50	43d	1	1.33mi
2491 American River Dr Unit 2489 Sacramento, CA	2.0	2.0	1350	$2,200	$1.63	20d	1	1.34mi
2491 American River Dr Sacramento, CA	2.0	2.0	1350	$2,095	$1.55	43d	1	1.34mi
100 Hartnell Pl Sacramento, CA	2.0	1.0	1072	$2,250	$2.10	7d	1	1.39mi
8 Saratoga Cir Sacramento, CA	2.0	2.0	1480	$2,500	$1.69	21d	1	1.42mi
4051 69th St Sacramento, CA	2.0	1.0	850	$2,100	$2.47	43d	1	1.48mi
1500 67th St Sacramento, CA	1.0–5.0	1.0–5.0	1035	$1,169	$1.13	2d	60	1.49mi

Listing history 14 events

1. 2026-06-18
   days on market $89,000 Active 476 DOM
2. 2026-06-17
   days on market $89,000 Active 475 DOM
3. 2026-06-16
   days on market $89,000 Active 474 DOM
4. 2026-06-15
   days on market $89,000 Active 473 DOM
5. 2026-06-13
   days on market $89,000 Active 471 DOM
6. 2026-06-13
   days on market $89,000 Active 470 DOM
7. 2026-06-09
   days on market $89,000 Active 467 DOM
8. 2026-06-08
   days on market $89,000 Active 466 DOM
9. 2026-06-07
   days on market $89,000 Active 465 DOM
10. 2026-06-05
    days on market $89,000 Active 462 DOM
11. 2026-06-03
    days on market $89,000 Active 461 DOM
12. 2026-06-02
    days on market $89,000 Active 460 DOM
13. 2026-06-01
    days on market $89,000 Active 459 DOM
14. 2026-05-31
    days on market $89,000 Active 458 DOM

ⓘ 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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥102°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 28 unhealthy d/yr today · 33 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,437
• − Mortgage interest: −$4,985
• − Property taxes: −$1,335
• − Insurance: −$445
• − Repairs & maintenance: −$1,955
• − Management: −$1,955
• − Depreciation: −$2,589
• Taxable income: $11,172
• Est. tax owed @ 24.0%: −$2,681
• After-tax cash flow: $9,243/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: Sacramento City Unified
• NCES district ID: 0633840
• Math proficiency: 32% ▬ 0.00%
• Reading proficiency: 43% ▲ 3.00%
• Median HH income: $49,280
• Composite: 34.86/100
• National rank: #10000
• State rank: #804 of 1400 in CA

Livability — Sacramento

• Score: 71/100
• State rank: #218
• US rank: #6957

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sacramento, CA
• County: Sacramento County · 1,539,646 people
• City population: 761,410
• Metro: Sacramento-Roseville-Folsom, CA
• Population (ZIP): 40,165
• Household income: $82,127
• Rent vs Own: 44.5% rent · 55.5% own
• Severe rent burden: 2433.0

Population outlook (Sacramento County) Hauer SSP2

• Today (2025): 1,660,763 people
• By 2030: 1,732,990 · +4.3%
• By 2040: 1,855,755 · +11.7%
• By 2050: 1,941,335 · +16.9%
• By 2075: 2,046,162 · +23.2%
• By 2100: 1,961,444 · +18.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 47% Hispanic / Latino 23% Two or more races 14% Black 11% Asian 11%
• Hispanic origin (detail): Mexican 18%
• Common ancestry: Italian 3% Subsaharan African 2% Russian 2%
• Foreign-born: 15% · Canada, South Korea, China
• Languages at home: 75% English-only · Spanish 11% Other Indo-European 4% Russian/Polish/Slavic 2%

Political lean MEDSL · Sacramento

• 2024 margin: D (+19.7) · D 58.1% · R 38.4% · Other 3.5%
• 2008→2024 swing: +0.7pp no change · 2008: 19.0pp · 2024: 19.7pp
• All cycles: 2024: D+19.7 2020: D+25.3 2016: D+23.7 2012: D+16.3 2008: D+19.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -408.80%
• Current HPI: 325.179
• Rent YoY: ▼ -0.33%
• Metro: Sacramento-Roseville-Folsom, 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