5200 Crest Rd · Atwater, CA 95301

$75,000

3 bd · 1.0 ba · 828 sqft · Land · 255 Days on market

Built 1979

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This recently updated 3-bedroom, 1-bathroom mobile home is the perfect opportunity for first-time buyers or anyone seeking modern touches without the hefty price tag. Located in an all-ages community, this home is truly move-in ready! You'll love the refreshed kitchen, featuring granite countertops, a large, deep sink, and new fixtures. The entire home boasts new paint inside and out, giving it a crisp, clean feel. The bathroom has been renovated for comfort and style, highlighted by a spacious, walk-in shower and a new vanity. Forget the outside trips this home is equipped with convenient indoor laundry hookups. The major work is done; this gem is just waiting for your final decorative

Key facts

• Updated mobile home
• Granite countertops
• Refreshed kitchen

Tags

• UPDATED MOBILE HOME
• REFRESHED KITCHEN
• GRANITE COUNTERTOPS
• INDOOR LAUNDRY HOOKUPS
• SPACIOUS WALK-IN SHOWER

Property features AI

Finance

• Other: Directions provided to property; Located at 5200 Crest Rd., Atwater, CA 95301
• Financial info: Land lease amount listed as $900
• HOA & community: No homeowners association; Not a senior community; Land lease: No

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; 220V electrical in laundry; Other utilities: see remarks; No on-site power production (0 size)
• Home design: Manufactured in-park home; Single wide; Model/make: Skyline; Built in 1979
• Construction: Elastomeric roof; Manufactured construction; Year built 1979; Skirt: see remarks
• Exterior features: Elastomeric roof; Lot features: see remarks

Interior

• Kitchen: Stone counters; Appliances: see remarks
• Bedrooms: Three bedrooms
• Flooring: Carpet; Wood
• Bathrooms: One full bathroom with shower stall(s)
• Heating & cooling: Ductless heating; Cooling: see remarks
• Interior features: Stone counters in the kitchen; Living and dining areas with other/custom features
• Laundry & utility: Interior laundry room with electric hookup (220 volts in laundry) — hookups only

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath land listed at $75k.

Deal economics

• At list price, monthly cash flow is $663 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.9% vs local median 2.8% in Atwater — 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 68/100 on livability (#295 in CA) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, amenities B; Watch: employment D+, schools D, crime F.
• Merced Union High (urban): math 20% / reading 46% proficiency, ranked #301 of 517 in CA (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 115 active listings in the ZIP; 459 units permitted in Merced County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Merced County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 255 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 255 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 1979 — 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: 1.99% ✓
• Cap rate: 16.90%
• Cash-on-cash: 37.87%
• DSCR: 2.69
• GRM: 4.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 33.9%
• Equity multiple: 2.43×
• Total profit: $30,081
• Equity at exit: $11,183

10-year hold

• IRR: 40.8%
• Equity multiple: 4.84×
• Total profit: $80,639
• Equity at exit: $6,485

Cash invested: $21,000 (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 95301

• Active inventory: 115
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,495 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,125/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $663

Break-even live

Break-even rent $656

Max offer price $75,000

Occupancy floor 51%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $75,000 Active 255 DOM
2. 2026-06-17
   days on market $75,000 Active 254 DOM
3. 2026-06-16
   days on market $75,000 Active 253 DOM
4. 2026-06-15
   days on market $75,000 Active 252 DOM
5. 2026-06-14
   days on market $75,000 Active 250 DOM
6. 2026-06-13
   days on market $75,000 Active 249 DOM
7. 2026-06-10
   days on market $75,000 Active 247 DOM
8. 2026-06-09
   days on market $75,000 Active 246 DOM
9. 2026-06-08
   days on market $75,000 Active 245 DOM
10. 2026-06-07
    days on market $75,000 Active 244 DOM
11. 2026-06-03
    days on market $75,000 Active 240 DOM
12. 2026-06-02
    days on market $75,000 Active 239 DOM
13. 2026-06-01
    days on market $75,000 Active 238 DOM
14. 2026-05-31
    days on market $75,000 Active 237 DOM
15. 2026-05-30
    days on market $75,000 Active 236 DOM
16. 2025-11-13
    soldstatus $8,000,000
17. 2007-06-20
    soldstatus $3,600,000

ⓘ 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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 35 unhealthy d/yr today · 38 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,940
• − Mortgage interest: −$4,201
• − Property taxes: −$1,125
• − Insurance: −$375
• − Repairs & maintenance: −$1,435
• − Management: −$1,435
• − Depreciation: −$2,182
• Taxable income: $7,187
• Est. tax owed @ 24.0%: −$1,725
• After-tax cash flow: $6,228/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: Merced Union High
• NCES district ID: 0624660
• Math proficiency: 20% ▲ 3.00%
• Reading proficiency: 46% ▼ -1.00%
• Median HH income: $44,977
• Composite: 28.11/100
• National rank: #6823
• State rank: #301 of 517 in CA

Livability — Atwater

• Score: 68/100
• State rank: #295
• US rank: #9893

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atwater, CA
• County: Merced County · 205,386 people
• City population: 43,009
• Metro: Merced, CA
• Population (ZIP): 43,009
• Household income: $68,349
• Rent vs Own: 43.4% rent · 56.6% own
• Severe rent burden: 1477.0

Population outlook (Merced County) Hauer SSP2

• Today (2025): 285,501 people
• By 2030: 293,437 · +2.8%
• By 2040: 308,808 · +8.2%
• By 2050: 321,011 · +12.4%
• By 2075: 338,497 · +18.6%
• By 2100: 330,493 · +15.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Hispanic / Latino 53% White 33% Two or more races 11% Asian 6% Black 4% Native American 1%
• Hispanic origin (detail): Mexican 50%
• Common ancestry: Russian 7% Slovak 1% Iranian 1%
• Foreign-born: 21% · Canada
• Languages at home: 56% English-only · Spanish 37% Other Indo-European 3% Other Asian/Pacific 2%

Political lean MEDSL · Merced

• 2024 margin: Toss-up / Even · D 46.5% · R 50.9% · Other 2.6%
• 2008→2024 swing: -12.7pp toward R · 2008: 8.3pp · 2024: -4.4pp
• All cycles: 2024: R+4.4 2020: D+10.6 2016: D+7.9 2012: D+5.4 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -365.43%
• Current HPI: 281.52
• Rent YoY: —
• Metro: Merced, 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

+122.2% since first listed

2 events — show timeline

• 2025-11-13 Sold (Public Records) $8,000,000 Public Records
• 2007-06-20 Sold (Public Records) $3,600,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $50,189 · +2.5% YoY. Source: county tax records.