1750 S Main St #37 · Willits, CA 95490

$105,000

2 bd · 1.0 ba · 784 sqft · Manufactured · 472 Days on market

Built 2021 Good condition $134/sqft · 65% above area ↓ 12% since listing

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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
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Immaculate and move in ready. 2021 Manufacturer home located in nice all age park. Walking distance to transportation and shopping. This home features an open living room/kitchen, beautiful kitchen cabinets, gas range, stainless steel microwave, dishwasher and more. New wood fence on one side. This is a must see.

Key facts

• Dishwasher
• New wood fence
• Gas range

Tags

• OPEN LIVING ROOM KITCHEN
• BEAUTIFUL KITCHEN CABINETS
• GAS RANGE
• STAINLESS STEEL MICROWAVE
• DISHWASHER
• NEW WOOD FENCE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $105k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $450 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $92k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.4% vs local median 2.6% in Willits — 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 65/100 on livability (#377 in CA) — a middle-class / working-renter tenant base. Strengths: crime A+, health & safety A+; Watch: amenities D, commute F, employment F.
• Willits Unified (town): math 9% / reading 24% proficiency, ranked #486 of 517 in CA (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 149 active listings in the ZIP; 8 units permitted in Mendocino County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Mendocino County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 472 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $14k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 472 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.42% ✓
• Cap rate: 11.44%
• Cash-on-cash: 18.37%
• DSCR: 1.82
• GRM: 5.9

CMA / ARV

• ARV (median comp): $63,630
• List price: $105,000
• Delta: 65.02%
• Verdict: OVERPRICED
• Comps: 4 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 10.1%
• Equity multiple: 1.40×
• Total profit: $11,666
• Equity at exit: $15,656

10-year hold

• IRR: 19.2%
• Equity multiple: 2.60×
• Total profit: $47,152
• Equity at exit: $9,078

Cash invested: $29,400 (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 95490

• Active inventory: 149
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,488 medium
• Mortgage (P&I): −$551
• Tax est. 1.5%: −$131 /mo · $1,575/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $450

Break-even live

Break-even rent $919

Max offer price $105,000

Occupancy floor 65%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $105,000 Active 472 DOM
2. 2026-06-18
   days on market $105,000 Active 471 DOM
3. 2026-06-17
   days on market $105,000 Active 470 DOM
4. 2026-06-16
   days on market $105,000 Active 469 DOM
5. 2026-06-15
   days on market $105,000 Active 468 DOM
6. 2026-06-14
   days on market $105,000 Active 466 DOM
7. 2026-06-12
   days on market $105,000 Active 465 DOM
8. 2026-06-09
   days on market $105,000 Active 462 DOM
9. 2026-06-08
   days on market $105,000 Active 461 DOM
10. 2026-06-07
    days on market $105,000 Active 460 DOM
11. 2026-06-07
    days on market $105,000 Active 459 DOM
12. 2026-06-04
    days on market $105,000 Active 456 DOM
13. 2026-06-02
    days on market $105,000 Active 455 DOM
14. 2026-06-01
    days on market $105,000 Active 454 DOM
15. 2026-05-31
    days on market $105,000 Active 453 DOM
16. 2026-05-31
    days on market $105,000 Active 452 DOM
17. 2026-01-28
    status Active 318-char remark

    Show marketing remark (318 chars)

    Immaculate and move in ready. 2021 Manufacturer home located in nice all age park. Walking distance to transportation and shopping. This home features an open living room/kitchen, beautiful kitchen cabinets, gas range, stainless steel microwave, dishwasher and more. New wood fence on one side. This is a must see.

18. 2025-09-04
    status Active 318-char remark

    Show marketing remark (318 chars)

    Immaculate and move in ready. 2021 Manufacturer home located in nice all age park. Walking distance to transportation and shopping. This home features an open living room/kitchen, beautiful kitchen cabinets, gas range, stainless steel microwave, dishwasher and more. New wood fence on one side. This is a must see.

19. 2025-08-14
    price $105,000 318-char remark

    Show marketing remark (318 chars)

    Immaculate and move in ready. 2021 Manufacturer home located in nice all age park. Walking distance to transportation and shopping. This home features an open living room/kitchen, beautiful kitchen cabinets, gas range, stainless steel microwave, dishwasher and more. New wood fence on one side. This is a must see.

20. 2025-07-02
    price $114,000 318-char remark

    Show marketing remark (318 chars)

    Immaculate and move in ready. 2021 Manufacturer home located in nice all age park. Walking distance to transportation and shopping. This home features an open living room/kitchen, beautiful kitchen cabinets, gas range, stainless steel microwave, dishwasher and more. New wood fence on one side. This is a must see.

21. 2025-02-21
    listed $119,000 Active 318-char remark

    Show marketing remark (318 chars)

    Immaculate and move in ready. 2021 Manufacturer home located in nice all age park. Walking distance to transportation and shopping. This home features an open living room/kitchen, beautiful kitchen cabinets, gas range, stainless steel microwave, dishwasher and more. New wood fence on one side. This is a must see.

ⓘ 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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 5/10 Major 7 d/yr ≥93°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 34 unhealthy d/yr today · 36 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,857
• − Mortgage interest: −$5,882
• − Property taxes: −$1,575
• − Insurance: −$525
• − Repairs & maintenance: −$1,429
• − Management: −$1,429
• − Depreciation: −$3,055
• Taxable income: $3,964
• Est. tax owed @ 24.0%: −$951
• After-tax cash flow: $4,448/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 · 12 photos

Good 80/100 Cosmetic rehab

This move-in ready manufactured home is in good condition with recent updates, making it a great investment opportunity.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value.
• Both Replace outdoor light fixture — Improves curb appeal and safety.
• Both Install new outdoor lighting — Enhances curb appeal and safety.
• Both Add landscaping around the house — Enhances curb appeal and value.
• Both Install new front door — Enhances curb appeal and security.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value. ↑
• Both Replace outdoor light fixture — Improves curb appeal and safety. ↑
• Both Install new outdoor lighting — Enhances curb appeal and safety. ↑
• Both Add landscaping around the house — Enhances curb appeal and value. ↑
• Both Install new front door — Enhances curb appeal and security. ↑

ⓘ 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: Willits Unified
• NCES district ID: 0642560
• Math proficiency: 9% ▼ -11.00%
• Reading proficiency: 24% ▼ -3.00%
• Median HH income: $41,494
• Composite: 14.14/100
• National rank: #9455
• State rank: #486 of 517 in CA

Livability — Willits

• Score: 65/100
• State rank: #377
• US rank: #12923

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Willits, CA
• Population (ZIP): 14,627

Population outlook (Mendocino County) Hauer SSP2

• Today (2025): 84,643 people
• By 2030: 82,138 · -3.0%
• By 2040: 76,402 · -9.7%
• By 2050: 71,759 · -15.2%
• By 2075: 61,454 · -27.4%
• By 2100: 50,130 · -40.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 23% Two or more races 18% Native American 4% Asian 2%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Italian 5% Slovak 5% Lithuanian 3%
• Foreign-born: 6% · Canada, China
• Languages at home: 86% English-only · Spanish 11% Chinese 1%

Political lean MEDSL · Mendocino

• 2024 margin: Strong D (+26.8) · D 61.3% · R 34.5% · Other 4.2%
• 2008→2024 swing: -16.0pp toward R · 2008: 42.8pp · 2024: 26.8pp
• All cycles: 2024: D+26.8 2020: D+35.8 2016: D+29.1 2012: D+37.6 2008: D+42.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -233.81%
• Current HPI: 155.0788
• Rent YoY: —
• Metro: —
• 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

-11.8% since first listed

5 events — show timeline

• 2026-01-28 Relisted — BAREIS
• 2025-09-04 Relisted — BAREIS
• 2025-08-14 Price Changed $105,000 BAREIS
• 2025-07-02 Price Changed $114,000 BAREIS
• 2025-02-21 Listed $119,000 BAREIS