1177 W Congress St #45 · San Bernardino, CA 92410

$129,900

2 bd · 2.0 ba · 1,344 sqft · Manufactured · 338 Days on market

Built 1972 Good condition $97/sqft · at area comps Est $128k · at est. ↓ 18% since listing

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +6.9/15.0
• Rent growth +3.9/5.0
• Condition / age +3.8/5.0
• Schools +3.1/10.0
• Livability +3.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * * PRICE REDUCED * * * This 55 and over Senior Community has a Turn-key unit available for quick occupancy. The Park Manager has been on premises for 20+ years. It has brand new Laminate Floors Throughout with freshly painted Ceilings. Both Bathrooms have new Toilets with new water- saving Faucets & Fixtures. A Brand New Dining Room Chandelier has been installed. There is a Newer Central Heat & Air-Conditioner unit in this Home along with a Swamp Cooler in the Family Room Area. The Owner has also had the Plumbing Lines Re-piped. New Overhead Lighting has been installed in the Kitchen. The Kitchen also has a brand new Stainless Steel Farmhouse Kitchen Sink, along with a matching new Dishwasher and Range Top. The stove top also has a new Hood Ventillation. New beautiful, white subway tile backsplash installed in the kitchen! There is a backyard chain-linked Fence on the property, for Pets and your Outdoor Privacy. To complete this List of improvements, the complete Exterior has been freshly Painted along with the Driveway. There is a 10’ by 12’ Storage Shed at the end of the Driveway that is included in the Sale. There is a Fenced Community Swimming Pool for all Owners, who may invite their guests to join them. There are Washer and Dryer Hook-ups in the home but there is also a Laundry Area available to use on-site. The Park has a peaceful, quiet ambiance. Must see to Appreciate!

Key facts

• Community pool
• Built 1972
• Listed 338 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $130k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $898 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.6% vs local median 3.5% in San Bernardino — 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 59/100 on livability (#661 in CA) — a working-class tenant base; expect higher turnover. Strengths: commute A+, housing A; Watch: schools D, employment D, crime F.
• San Bernardino City Unified (urban): math 27% / reading 40% proficiency, ranked #959 of 1,400 in CA (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.5%/yr); 90 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).
• At $2,273/mo this rent would consume 50% of the median local household income ($54k/yr) (locally 2569% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k 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 + 5.5% rent growth), your $36k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 338 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 338 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 1972 — 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: 1.75% ✓
• Cap rate: 14.59%
• Cash-on-cash: 29.63%
• DSCR: 2.32
• GRM: 4.8

CMA / ARV

• ARV (median comp): $128,077
• List price: $129,900
• Delta: 1.42%
• Verdict: FAIR
• Comps: 5 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.5% rent growth · sell at horizon

5-year hold

• IRR: 26.9%
• Equity multiple: 2.16×
• Total profit: $42,040
• Equity at exit: $19,369

10-year hold

• IRR: 36.0%
• Equity multiple: 4.73×
• Total profit: $135,706
• Equity at exit: $11,231

Cash invested: $36,372 (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 92410

• Home prices YoY: -9.7%
• Rents YoY: 5.5%
• Active inventory: 90
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $2,273 high
• Mortgage (P&I): −$681
• Tax est. 1.5%: −$162 /mo · $1,948/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $898

Break-even live

Break-even rent $1,136

Max offer price $129,900

Occupancy floor 55%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
455 Pear St San Bernardino, CA	2.0	1.0	875	$2,050	$2.34	43d	1	0.30mi
1360 Poplar St San Bernardino, CA	3.0	2.0	1250	$2,495	$2.00	18d	1	0.36mi
865 Mission Dr San Bernardino, CA	3.0	1.0	1360	$2,750	$2.02	43d	1	0.93mi
515 Ramona Ave San Bernardino, CA	3.0	1.0	1040	$2,095	$2.01	24d	1	1.02mi
1211 W 8th St San Bernardino, CA	3.0	1.0	950	$1,995	$2.10	24d	1	1.16mi
386 S Arrowhead Ave San Bernardino, CA	2.0	1.0	960	$2,000	$2.08	43d	1	1.17mi
619 N Gardena St San Bernardino, CA	3.0	2.0	1000	$2,900	$2.90	5d	1	1.30mi
1432 W 9th St San Bernardino, CA	3.0	1.0	1225	$2,700	$2.20	43d	1	1.37mi
1417 Pennsylvania Ave Colton, CA	3.0	2.0	1300	$2,395	$1.84	43d	1	1.39mi
1327 N Pennsylvania Ave Unit 1327 Colton, CA	3.0	2.0	1200	$2,640	$2.20	24d	1	1.44mi

Listing history 17 events

1. 2026-06-18
   days on market $129,900 Active 338 DOM
2. 2026-06-17
   days on market $129,900 Active 337 DOM
3. 2026-06-16
   days on market $129,900 Active 336 DOM
4. 2026-06-15
   days on market $129,900 Active 335 DOM
5. 2026-06-13
   days on market $129,900 Active 333 DOM
6. 2026-06-09
   days on market $129,900 Active 329 DOM
7. 2026-06-08
   days on market $129,900 Active 328 DOM
8. 2026-06-07
   days on market $129,900 Active 327 DOM
9. 2026-06-04
   days on market $129,900 Active 324 DOM
10. 2026-06-03
    days on market $129,900 Active 323 DOM
11. 2026-06-02
    days on market $129,900 Active 322 DOM
12. 2026-06-01
    days on market $129,900 Active 321 DOM
13. 2026-05-31
    days on market $129,900 Active 320 DOM
14. 2026-05-11
    price $129,900 1434-char remark

    Show marketing remark (1434 chars)

    * * * PRICE REDUCED * * * This 55 and over Senior Community has a Turn-key unit available for quick occupancy. The Park Manager has been on premises for 20+ years. It has brand new Laminate Floors Throughout with freshly painted Ceilings. Both Bathrooms have new Toilets with new water- saving Faucets & Fixtures. A Brand New Dining Room Chandelier has been installed. There is a Newer Central Heat & Air-Conditioner unit in this Home along with a Swamp Cooler in the Family Room Area. The Owner has also had the Plumbing Lines Re-piped. New Overhead Lighting has been installed in the Kitchen. The Kitchen also has a brand new Stainless Steel Farmhouse Kitchen Sink, along with a matching new Dishwasher and Range Top. The stove top also has a new Hood Ventillation. New beautiful, white subway tile backsplash installed in the kitchen! There is a backyard chain-linked Fence on the property, for Pets and your Outdoor Privacy. To complete this List of improvements, the complete Exterior has been freshly Painted along with the Driveway. There is a 10’ by 12’ Storage Shed at the end of the Driveway that is included in the Sale. There is a Fenced Community Swimming Pool for all Owners, who may invite their guests to join them. There are Washer and Dryer Hook-ups in the home but there is also a Laundry Area available to use on-site. The Park has a peaceful, quiet ambiance. Must see to Appreciate!

15. 2025-08-15
    price $147,900 1434-char remark

    Show marketing remark (1434 chars)

    * * * PRICE REDUCED * * * This 55 and over Senior Community has a Turn-key unit available for quick occupancy. The Park Manager has been on premises for 20+ years. It has brand new Laminate Floors Throughout with freshly painted Ceilings. Both Bathrooms have new Toilets with new water- saving Faucets & Fixtures. A Brand New Dining Room Chandelier has been installed. There is a Newer Central Heat & Air-Conditioner unit in this Home along with a Swamp Cooler in the Family Room Area. The Owner has also had the Plumbing Lines Re-piped. New Overhead Lighting has been installed in the Kitchen. The Kitchen also has a brand new Stainless Steel Farmhouse Kitchen Sink, along with a matching new Dishwasher and Range Top. The stove top also has a new Hood Ventillation. New beautiful, white subway tile backsplash installed in the kitchen! There is a backyard chain-linked Fence on the property, for Pets and your Outdoor Privacy. To complete this List of improvements, the complete Exterior has been freshly Painted along with the Driveway. There is a 10’ by 12’ Storage Shed at the end of the Driveway that is included in the Sale. There is a Fenced Community Swimming Pool for all Owners, who may invite their guests to join them. There are Washer and Dryer Hook-ups in the home but there is also a Laundry Area available to use on-site. The Park has a peaceful, quiet ambiance. Must see to Appreciate!

16. 2025-07-15
    listed $157,900 Active 1434-char remark

    Show marketing remark (1434 chars)

    * * * PRICE REDUCED * * * This 55 and over Senior Community has a Turn-key unit available for quick occupancy. The Park Manager has been on premises for 20+ years. It has brand new Laminate Floors Throughout with freshly painted Ceilings. Both Bathrooms have new Toilets with new water- saving Faucets & Fixtures. A Brand New Dining Room Chandelier has been installed. There is a Newer Central Heat & Air-Conditioner unit in this Home along with a Swamp Cooler in the Family Room Area. The Owner has also had the Plumbing Lines Re-piped. New Overhead Lighting has been installed in the Kitchen. The Kitchen also has a brand new Stainless Steel Farmhouse Kitchen Sink, along with a matching new Dishwasher and Range Top. The stove top also has a new Hood Ventillation. New beautiful, white subway tile backsplash installed in the kitchen! There is a backyard chain-linked Fence on the property, for Pets and your Outdoor Privacy. To complete this List of improvements, the complete Exterior has been freshly Painted along with the Driveway. There is a 10’ by 12’ Storage Shed at the end of the Driveway that is included in the Sale. There is a Fenced Community Swimming Pool for all Owners, who may invite their guests to join them. There are Washer and Dryer Hook-ups in the home but there is also a Laundry Area available to use on-site. The Park has a peaceful, quiet ambiance. Must see to Appreciate!

17. 2025-07-14
    historical $157,900 1434-char remark

    Show marketing remark (1434 chars)

    * * * PRICE REDUCED * * * This 55 and over Senior Community has a Turn-key unit available for quick occupancy. The Park Manager has been on premises for 20+ years. It has brand new Laminate Floors Throughout with freshly painted Ceilings. Both Bathrooms have new Toilets with new water- saving Faucets & Fixtures. A Brand New Dining Room Chandelier has been installed. There is a Newer Central Heat & Air-Conditioner unit in this Home along with a Swamp Cooler in the Family Room Area. The Owner has also had the Plumbing Lines Re-piped. New Overhead Lighting has been installed in the Kitchen. The Kitchen also has a brand new Stainless Steel Farmhouse Kitchen Sink, along with a matching new Dishwasher and Range Top. The stove top also has a new Hood Ventillation. New beautiful, white subway tile backsplash installed in the kitchen! There is a backyard chain-linked Fence on the property, for Pets and your Outdoor Privacy. To complete this List of improvements, the complete Exterior has been freshly Painted along with the Driveway. There is a 10’ by 12’ Storage Shed at the end of the Driveway that is included in the Sale. There is a Fenced Community Swimming Pool for all Owners, who may invite their guests to join them. There are Washer and Dryer Hook-ups in the home but there is also a Laundry Area available to use on-site. The Park has a peaceful, quiet ambiance. Must see to Appreciate!

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°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: $27,277
• − Mortgage interest: −$7,276
• − Property taxes: −$1,948
• − Insurance: −$650
• − Repairs & maintenance: −$2,182
• − Management: −$2,182
• − Depreciation: −$3,779
• Taxable income: $9,259
• Est. tax owed @ 24.0%: −$2,222
• After-tax cash flow: $8,554/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 · 13 photos

Good 75/100 Cosmetic rehab

This turn-key manufactured home is in good condition with recent updates, including new flooring, appliances, and plumbing. It is ready for quick occupancy and has the potential for further value increases with minor cosmetic improvements.

Value-add opportunities

• Both Painting the ceiling and walls — Fresh paint enhances the home's appearance and can make it more appealing to potential buyers or renters.
• Resale Upgrading the kitchen appliances — Modernizing the kitchen with new appliances can significantly increase the home's resale value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the ceiling and walls — Fresh paint enhances the home's appearance and can make it more appealing to potential buyers or renters. ↑
• Resale Upgrading the kitchen appliances — Modernizing the kitchen with new appliances can significantly increase the home's resale value. ↑

ⓘ 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: San Bernardino City Unified
• NCES district ID: 0634170
• Math proficiency: 27% ▲ 1.00%
• Reading proficiency: 40% ▬ 0.00%
• Median HH income: $39,758
• Composite: 30.8/100
• National rank: #11385
• State rank: #959 of 1400 in CA

Livability — San Bernardino

• Score: 59/100
• State rank: #661
• US rank: #20479

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Bernardino, CA
• County: San Bernardino County · 2,030,291 people
• City population: 255,614
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 47,869
• Household income: $54,181
• Rent vs Own: 58.3% rent · 41.7% own
• Severe rent burden: 2569.0

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: Predominantly Hispanic (80%)
• Race & ethnicity: Hispanic / Latino 80% Two or more races 12% Black 8% White 7% Asian 3%
• Hispanic origin (detail): Mexican 70%
• Common ancestry: Romanian 0%
• Foreign-born: 29% · Canada, Vietnam, Jamaica
• Languages at home: 32% English-only · Spanish 65% Vietnamese 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: ▼ -54.39%
• Current HPI: 504.0299
• Rent YoY: ▲ 5.50%
• 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

-17.7% since first listed

4 events — show timeline

• 2026-05-11 Price Changed $129,900 CRMLS
• 2025-08-15 Price Changed $147,900 CRMLS
• 2025-07-15 Listed $157,900 CRMLS
• 2025-07-14 Coming Soon $157,900 CRMLS