310 Walnut · Needles, CA 92363

$59,000

1 bd · 1.0 ba · 749 sqft · SingleFamily public records · 143 Days on market

Built 1925 6,000 sqft lot $79/sqft · 13% below area Est $68k · 13% under

---

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 +13.4/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.8/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Investment opportunity! 2 bedroom 1 bathroom home that needs you to bring it back to its glory! This fixer upper has tons of potential!

Key facts

• 6,000 sq ft lot
• Garage
• Built 1925

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $399 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($992 rent vs $59k).
• Recommended offer: $52k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.4% vs local median 5.1% in Needles — 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 62/100 on livability (#492 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety C-, schools D+, crime F.
• Needles Unified (town): math 22% / reading 28% proficiency, ranked #1,194 of 1,400 in CA (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 151 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($408 loan paydown + $970 appreciation (1.6% local appreciation)).
• San Bernardino County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (1.6% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 143 days — a 12% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago 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.
• Current owner paid $38k; list at $59k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $51,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 143 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 1925 — 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: 1.68% ✓
• Cap rate: 14.41%
• Cash-on-cash: 29.00%
• DSCR: 2.29
• GRM: 5.0

CMA / ARV

• ARV (median comp): $67,838
• List price: $59,000
• Delta: -13.03%
• Verdict: UNDERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
210 Chestnut St	0.09mi	2/1.0 (+1)	785 (+5%)	14mo	$124,500	$159	71
318 N K St	0.16mi	2/1.0 (+1)	860 (+15%)	23mo	$165,000	$192	44
905 Bush St	0.52mi	2/1.0 (+1)	660 (-12%)	12mo	$45,000	$68	41
811 4th St	0.73mi	2/1.0 (+1)	816 (+9%)	8mo	$130,000	$159	40

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

Projected returns pro-forma

1.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.5%
• Equity multiple: 2.72×
• Total profit: $28,417
• Equity at exit: $22,145

10-year hold

• IRR: 34.1%
• Equity multiple: 5.30×
• Total profit: $70,953
• Equity at exit: $31,046

Cash invested: $16,520 (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 92363

• Home prices YoY: 0.6%
• Active inventory: 151
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $992 medium
• Mortgage (P&I): −$309
• Tax from tax record: −$50 /mo · $604/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $399

Break-even live

Break-even rent $486

Max offer price $59,000

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
214 Spruce St Needles, CA	1.0	1.0	542	$1,100	$2.03	43d	1	0.05mi
110 S L St Needles, CA	2.0	1.0	700	$800	$1.14	43d	1	0.23mi

Listing history 26 events

1. 2026-06-19
   days on market $59,000 Active 143 DOM
2. 2026-06-18
   days on market $59,000 Active 142 DOM
3. 2026-06-17
   days on market $59,000 Active 141 DOM
4. 2026-06-16
   days on market $59,000 Active 140 DOM
5. 2026-06-15
   days on market $59,000 Active 139 DOM
6. 2026-06-14
   days on market $59,000 Active 137 DOM
7. 2026-06-13
   days on market $59,000 Active 136 DOM
8. 2026-06-10
   days on market $59,000 Active 134 DOM
9. 2026-06-09
   days on market $59,000 Active 133 DOM
10. 2026-06-08
    days on market $59,000 Active 132 DOM
11. 2026-06-07
    days on market $59,000 Active 131 DOM
12. 2026-06-05
    days on market $59,000 Active 128 DOM
13. 2026-06-02
    days on market $59,000 Active 126 DOM
14. 2026-06-01
    days on market $59,000 Active 125 DOM
15. 2026-05-31
    days on market $59,000 Active 124 DOM
16. 2026-05-30
    days on market $59,000 Active 123 DOM
17. 2026-01-27
    listed $59,000 Active 135-char remark

    Show marketing remark (135 chars)

    Investment opportunity! 2 bedroom 1 bathroom home that needs you to bring it back to its glory! This fixer upper has tons of potential!

18. 2024-05-31
    soldstatus $38,000 Closed Sale 288-char remark

    Show marketing remark (288 chars)

    CASH ONLY OFFERS! Home is a fixer upper and is being sold AS IS. Bring your tools and make this home yours! * * * Buyers must provide proof of rehab experience, waive all contingencies and agree to rehab property within required timeline. Sale will be subject to court approval * * *

19. 2024-05-31
    soldstatus $38,000

    Show marketing remark (288 chars)

    CASH ONLY OFFERS! Home is a fixer upper and is being sold AS IS. Bring your tools and make this home yours! * * * Buyers must provide proof of rehab experience, waive all contingencies and agree to rehab property within required timeline. Sale will be subject to court approval * * *

20. 2024-02-29
    status Pending Sale 288-char remark

    Show marketing remark (288 chars)

    CASH ONLY OFFERS! Home is a fixer upper and is being sold AS IS. Bring your tools and make this home yours! * * * Buyers must provide proof of rehab experience, waive all contingencies and agree to rehab property within required timeline. Sale will be subject to court approval * * *

21. 2024-02-13
    status Active 288-char remark

    Show marketing remark (288 chars)

    CASH ONLY OFFERS! Home is a fixer upper and is being sold AS IS. Bring your tools and make this home yours! * * * Buyers must provide proof of rehab experience, waive all contingencies and agree to rehab property within required timeline. Sale will be subject to court approval * * *

22. 2024-01-20
    status Pending Sale 288-char remark

    Show marketing remark (288 chars)

    CASH ONLY OFFERS! Home is a fixer upper and is being sold AS IS. Bring your tools and make this home yours! * * * Buyers must provide proof of rehab experience, waive all contingencies and agree to rehab property within required timeline. Sale will be subject to court approval * * *

23. 2024-01-10
    price $49,999 288-char remark

    Show marketing remark (288 chars)

    CASH ONLY OFFERS! Home is a fixer upper and is being sold AS IS. Bring your tools and make this home yours! * * * Buyers must provide proof of rehab experience, waive all contingencies and agree to rehab property within required timeline. Sale will be subject to court approval * * *

24. 2024-01-02
    price $50,000 288-char remark

    Show marketing remark (288 chars)

    CASH ONLY OFFERS! Home is a fixer upper and is being sold AS IS. Bring your tools and make this home yours! * * * Buyers must provide proof of rehab experience, waive all contingencies and agree to rehab property within required timeline. Sale will be subject to court approval * * *

25. 2023-11-28
    listed $60,000 Active 288-char remark

    Show marketing remark (288 chars)

    CASH ONLY OFFERS! Home is a fixer upper and is being sold AS IS. Bring your tools and make this home yours! * * * Buyers must provide proof of rehab experience, waive all contingencies and agree to rehab property within required timeline. Sale will be subject to court approval * * *

26. 1977-06-24
    soldstatus $15,000

ⓘ 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: $604 · $50/mo
• Projected year-2 tax: $604 · $50/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥116°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,902
• − Mortgage interest: −$3,305
• − Property taxes: −$604
• − Insurance: −$295
• − Repairs & maintenance: −$952
• − Management: −$952
• − Depreciation: −$1,716
• Taxable income: $4,078
• Est. tax owed @ 24.0%: −$979
• After-tax cash flow: $3,813/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: Needles Unified
• NCES district ID: 0626760
• Math proficiency: 22% ▼ -2.00%
• Reading proficiency: 28% ▼ -1.00%
• Median HH income: $31,795
• Composite: 23.35/100
• National rank: #13305
• State rank: #1194 of 1400 in CA

Livability — Needles

• Score: 62/100
• State rank: #492
• US rank: #16661

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Needles, CA
• Population (ZIP): 5,392

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 54% Hispanic / Latino 29% Two or more races 16% Native American 11% Black 3%
• Hispanic origin (detail): Mexican 24% Puerto Rican 2%
• Common ancestry: Romanian 3% Iranian 3% Lithuanian 2%
• Foreign-born: 3% · Canada, China
• Languages at home: 89% English-only · Spanish 9% Chinese 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: ▲ 1.64%
• Current HPI: 279.7931
• 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

+293.3% since first listed

10 events — show timeline

• 2026-01-27 Listed $59,000 CRMLS
• 2024-05-31 Sold (Public Records) $38,000 Public Records
• 2024-05-31 Sold (MLS) $38,000 CRMLS
• 2024-02-29 Pending — CRMLS
• 2024-02-13 Relisted — CRMLS
• 2024-01-20 Pending — CRMLS
• 2024-01-10 Price Changed $49,999 CRMLS
• 2024-01-02 Price Changed $50,000 CRMLS
• 2023-11-28 Listed $60,000 CRMLS
• 1977-06-24 Sold (Public Records) $15,000 Public Records

Property tax history

+5.8%/yr

Latest (2025): $604 · +9.3% YoY. Source: county tax records.