401 Main St #38 St · Homedale, ID 83628

$65,000

3 bd · 1.0 ba · 840 sqft · Manufactured · 34 Days on market

Built 1971 Good condition Est $69k · 6% under $605/mo HOA · 42% of rent

---

Why this score? — see what drove the C+ 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 +21.0/30.0
• 1% rule +10.0/10.0
• ARV discount +10.0/15.0
• DSCR +6.7/10.0
• Condition / age +3.8/5.0
• Schools +3.4/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Take a look at this remodeled 3 bedroom 1 bath home. Upgrades included new flooring, paint, light fixtures, windows, central air and electric heat. Good size deck to enjoy your gatherings it also has a fenced area for a garden or yard on the side. Buyer(s) will need to get approved by mobile home park prior to submitting an offer. Seller will carry with a downpayment of $25,000 call for more details.

Key facts

• New flooring
• New paint
• New light fixtures

Tags

• NEW FLOORING
• NEW PAINT
• NEW LIGHT FIXTURES
• NEW WINDOWS
• CENTRAL AIR
• ELECTRIC HEAT

Property features AI

Finance

• Other: Located in Owyhee County area
• Financial info: Details not provided
• HOA & community: Monthly association fee of $605

Exterior

• Parking: Details not provided
• Security: Details not provided
• Utilities: City water service; Sewer connected; Electric service
• Home design: Mobile/manufactured home on a rented lot; Built in 1971
• Construction: Wood siding; Metal roof
• Exterior features: Partial wood fencing; Manual and irrigation sprinkler systems; Mobile home park location

Interior

• Kitchen: Oven/Range (freestanding); Refrigerator; Breakfast bar
• Bedrooms: 3 bedrooms, all on the main level
• Flooring: Carpet; Engineered vinyl plank
• Bathrooms: 1 bathroom
• Heating & cooling: Electric forced air heating; Central air conditioning
• Interior features: Breakfast bar
• Laundry & utility: Utility room on the main level; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $65k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $91 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 2.0% in Homedale — 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 66/100 on livability (#105 in ID) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: amenities F, commute F, employment D-.
• Homedale Joint District (town): math 32% / reading 50% proficiency, ranked #64 of 92 in ID (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Homedale Elementary School (math 42% / reading 32%, grade F, #255 of 357 statewide, top 74%, 469 students, 59% FRL); Homedale High School (math 17% / reading 52%, grade F, #108 of 169 statewide, top 67%, 411 students, 40% FRL).
• Market conditions: 40 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 40 units permitted in Owyhee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Owyhee County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 42% of rent.

Recommended offer $63,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 2.23% ✓
• Cap rate: 7.98%
• Cash-on-cash: 6.02%
• DSCR: 1.27
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $68,880
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4030 River Resort Drive Space 11 #11	0.28mi	2/1.0 (-1)	784 (-7%)	12mo	$64,000	$82	61

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.4%
• Equity multiple: 0.76×
• Total profit: $-4,324
• Equity at exit: $9,692

10-year hold

• IRR: 3.9%
• Equity multiple: 1.29×
• Total profit: $5,322
• Equity at exit: $5,620

Cash invested: $18,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 91 Strongly Landlord-Friendly
• State Idaho: 91 Strongly Landlord-Friendly · R+18
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempted; minimal tenant protections.

Methodology + full state rankings →

ZIP-level market 83628

• Home prices YoY: -6.3%
• Active inventory: 40
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,450 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$605
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $91

Break-even live

Break-even rent $1,334

Max offer price $65,000

Occupancy floor 89%

Sensitivity live

Price	-10% $136	-5% $114	+0% $91	+5% $69	+10% $46
Rent	-10% $-23	-5% $34	+0% $91	+5% $149	+10% $206
Rate	-1.0pp $124	-0.5pp $108	base $91	+0.5pp $74	+1.0pp $57

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 E Colorado Ave Homedale, ID	2.0	2.0	982	$1,450	$1.48	20d	1	0.45mi

HOA detail

• Monthly dues: $605 · $7,260/yr
• Likely covers: electric

Listing history 15 events

1. 2026-06-18
   days on market $65,000 Active 34 DOM
2. 2026-06-17
   days on market $65,000 Active 33 DOM
3. 2026-06-16
   days on market $65,000 Active 32 DOM
4. 2026-06-15
   days on market $65,000 Active 31 DOM
5. 2026-06-13
   days on market $65,000 Active 29 DOM
6. 2026-06-10
   days on market $65,000 Active 26 DOM
7. 2026-06-09
   days on market $65,000 Active 25 DOM
8. 2026-06-08
   days on market $65,000 Active 24 DOM
9. 2026-06-07
   days on market $65,000 Active 23 DOM
10. 2026-06-05
    days on market $65,000 Active 20 DOM
11. 2026-06-03
    days on market $65,000 Active 19 DOM
12. 2026-06-03
    days on market $65,000 Active 18 DOM
13. 2026-06-01
    days on market $65,000 Active 17 DOM
14. 2026-05-31
    days on market $65,000 Active 16 DOM
15. 2026-05-15
    listed $65,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $17,400
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,392
• − Management: −$1,392
• − HOA: −$7,260
• − Depreciation: −$1,891
• Taxable income: $524
• Est. tax owed @ 24.0%: −$126
• After-tax cash flow: $970/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 · 6 photos

Good 75/100 Cosmetic rehab

This remodeled 3-bedroom 1-bath home is in good condition with new updates throughout, including kitchen, bath, and exterior. It's move-in ready with a good-sized deck and fenced yard, making it an attractive option for both buyers and renters.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances curb appeal and could attract more buyers or renters.
• Both Add a small garden area — Could increase the home's appeal and functionality for potential buyers or renters.
• Both Install a security system — Improves safety and could be a selling point for potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances curb appeal and could attract more buyers or renters. ↑
• Both Add a small garden area — Could increase the home's appeal and functionality for potential buyers or renters. ↑
• Both Install a security system — Improves safety and could be a selling point for potential buyers or renters. ↑

ⓘ 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: Homedale Joint District
• NCES district ID: 1601470
• Math proficiency: 32% ▲ 5.00%
• Reading proficiency: 50% ▲ 9.00%
• Median HH income: $40,560
• Composite: 34.35/100
• National rank: #5224
• State rank: #64 of 92 in ID

Livability — Homedale

• Score: 66/100
• State rank: #105
• US rank: #11584

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homedale, ID
• Population (ZIP): 4,848

Population outlook (Owyhee County) Hauer SSP2

• Today (2025): 11,097 people
• By 2030: 10,842 · -2.3%
• By 2040: 10,221 · -7.9%
• By 2050: 9,407 · -15.2%
• By 2075: 7,339 · -33.9%
• By 2100: 5,495 · -50.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 28% Two or more races 11% Native American 1%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Lithuanian 3% Italian 3% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 79% English-only · Spanish 20% German/W. Germanic 1%

Political lean MEDSL · Owyhee

• 2024 margin: Solid R (+67.6) · D 15.3% · R 82.8% · Other 1.9%
• 2008→2024 swing: -16.3pp toward R · 2008: -51.3pp · 2024: -67.6pp
• All cycles: 2024: R+67.6 2020: R+63.3 2016: R+62.8 2012: R+52.7 2008: R+51.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -21.47%
• Current HPI: 318.6186
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 4.51%
• F500 in state: 6

Industry mix (Fortune 500 HQ in ID)

Industry	F500 HQs	Revenue
▸Retail	1	$79B
▸Technology	1	$25B
▸Food / Agriculture	1	$6B

Price history

1 event — show timeline

• 2026-05-15 Listed $65,000 IMLS