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1701 S Thornburg St #40
C+ Composite 61.38
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 +30.0/30.0
  • DSCR +10.0/10.0
  • 1% rule +9.3/10.0
  • Livability +3.6/5.0
  • Rent growth +3.1/5.0
  • Schools +2.9/10.0
  • Condition / age +2.5/5.0
  • ARV discount +0.0/15.0
  • Appreciation +0.0/10.0

$168,000

1701 S Thornburg St #40 · Santa Maria, CA 93458
2 bd · 2.0 ba · 1,248 sqft · Manufactured public records · 87 Days on market
Built 2002 871 sqft lot Est $124k · 36% over ↓ 4% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Beautiful #40 is located in La Maria 55+ mobile home park. Fresh paint inside and out, NEW LVP flooring, and new plush carpet. Spacious 2bd plus Den/2ba 1227sqft double wide built in 2002. Appreciate the vaulted ceilings the minute you step foot inside. South facing windows allow sunlight throughout the day. Open kitchen with custom cabinets, dishwasher, built in microwave and gas range. Indoor laundry with storage and stacked washer/ dryer unit. Hall bath with tub and wall hair dryer. Bedroom #2 is bright and has walk-in closet. Fantastic primary bedroom with vaulted ceilings, walk-in closet and large windows to let in the fresh central coast air. Shower in primary with double sinks, and storage. Extended covered porch to enjoy morning coffee or a glass of central coast wine. Conveniently located near post office, shopping and freeway. Two mature avocado trees and orange trees. New owner space rent $1,043.80 includes Water, Trash and sewer. La Maria provides pool, jacuzzi and clubhouse. Call your local agent for additional information. Seller will provide a 1 year home warranty to cover appliances.

Key facts

  • Custom cabinets
  • Low maintenance yard
  • Walk-in closets

Tags

CUSTOM CABINETSNEW REFRIGERATORNEW DISHWASHERWALK-IN CLOSETSLOW MAINTENANCE YARDFRUIT TREES

Property features AI

Finance

  • HOA & community: Age-restricted community; Land lease: $1,200.48

Exterior

  • Utilities: Public water; Public sewer
  • Home design: Manufactured home; Single-story (manufactured unit); Model: Sahara; Manufacturer: Champion; Approx. 52 ft long by 24 ft wide
  • Construction: Composition roof; Pillar/post/pier foundation
  • Exterior features: Covered patio; Level lot

Interior

  • Kitchen: Gas range/oven; Dishwasher; Microwave; Refrigerator
  • Flooring: Carpet
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Forced air heating (natural gas); Ceiling fans for cooling
  • Interior features: Cathedral ceilings
  • Laundry & utility: Laundry located inside

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $168k.

Deal economics

  • At list price, monthly cash flow is $870 ($10k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $168k).
  • Recommended offer: $158k (6.0% below list) — sets the bar for market timing.
  • Cap rate 12.5% vs local median 3.5% in Santa Maria — 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 71/100 on livability (#202 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: schools F, crime F, cost of living F.
  • Santa Maria-Bonita (urban): math 26% / reading 34% proficiency, ranked #1,023 of 1,400 in CA (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents rising (+2.3%/yr); 54 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 719 units permitted in Santa Barbara County in 2024 (217 in 5+ unit buildings).
  • This rent runs 38% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
  • Santa Barbara County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 2.3% rent growth), your $47k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 87 days — a 6% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 2y ago; this cycle's ask has dropped $30k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Recommended offer $157,920 (6.0% below list)

Questions for the listing agent

  1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% 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. 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?
  5. 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?
  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
1.43%
Cap rate
12.50%
Cash-on-cash
22.19%
DSCR
1.99
GRM
5.8

CMA / ARV

ARV (on-the-fly)
$123,552
Comps found
6
Show comp detail 6 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1701 S Thornburg St #28 0.08mi 2/2.0 1,248 (0%) 9mo $90,000 $72 89
1701 S Thornburg St #61 0.04mi 2/2.0 1,200 (-4%) 6mo $84,500 $70 86
1701 S Thornburg St #108 0.10mi 3/2.0 (+1) 1,200 (-4%) 4mo $108,000 $90 81
1701 S Thornburg St #139 0.04mi 2/2.0 1,368 (+10%) 21mo $135,000 $99 65
1701 S Thornburg #156 0.09mi 3/2.0 (+1) 1,434 (+15%) 9mo $235,000 $164 58
1701 S Thornburg St #96 0.09mi 3/2.0 (+1) 1,120 (-10%) 22mo $132,000 $118 55

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 · 2.31% rent growth · sell at horizon

5-year hold
IRR
14.2%
Equity multiple
1.56×
Total profit
$26,463
Equity at exit
$25,049
10-year hold
IRR
22.4%
Equity multiple
2.86×
Total profit
$87,473
Equity at exit
$14,526

Cash invested: $47,040 (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.

ZIP-level market 93458

Rents YoY
2.3%
Active inventory
54
Price-to-rent
5.8×

Monthly cashflow live

Estimated rent
$2,410 high interval (Pro) →
Mortgage (P&I)
$881
Tax from tax record
$83 /mo · $999/yr
Insurance
$70
HOA
$0
Vacancy / Maint / Mgmt
$506
Net cashflow
$870

Break-even live

Break-even rent $1,309
Max offer price $168,000
Occupancy floor 59%

Sensitivity live

Price -10% $965 -5% $917 +0% $870 +5% $822 +10% $775
Rent -10% $679 -5% $774 +0% $870 +5% $965 +10% $1,060
Rate -1.0pp $954 -0.5pp $912 base $870 +0.5pp $826 +1.0pp $782

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
$42,000
Closing costs
$5,040
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 17 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1720 S Depot St Santa Maria, CA 1.0–4.0 1.0–2.0 1308 $2,197 $1.68 14d 5 0.09mi
329 W Carmen Ln Santa Maria, CA 1.0–2.0 1.0 725 $2,396 $3.30 14d 9 0.26mi
800 W Battles Rd Santa Maria, CA 2.0–3.0 2.0 1104 $2,403 $2.18 14d 6 0.27mi
983 Dan Blough Dr Santa Maria, CA 1.0–3.0 1.0–3.0 1017 $3,073 $3.02 14d 45 0.46mi
1735 Biscayne St Santa Maria, CA 3.0 2.0 1257 $3,081 $2.45 14d 9 0.56mi
1245 Sonya Ln Santa Maria, CA 1.0–2.0 1.0 728 $2,381 $3.27 14d 12 0.65mi
404 E Newlove Dr Apt O Santa Maria, CA 2.0 1.0 850 $2,400 $2.82 14d 1 0.66mi
1240 Bethel Ln Santa Maria, CA 2.0 1.0 838 $2,296 $2.74 14d 2 0.71mi
333 E Enos Dr Santa Maria, CA 1.0–2.0 1.0–2.0 735 $2,499 $3.40 14d 12 0.73mi
2299 Carrasco Way Santa Maria, CA 3.0 2.5–3.5 1419 $3,500 $2.47 14d 2 0.84mi
1708 Rio Vista Ln Unit 1 Santa Maria, CA 2.0 2.0 1075 $3,000 $2.79 14d 1 0.87mi
310 E McCoy Ln Santa Maria, CA 2.0–3.0 2.0 1130 $2,200 $1.95 14d 2 1.06mi
620 W Park Ave Santa Maria, CA 2.0 2.0 1450 $2,850 $1.97 14d 1 1.06mi
310 W McCoy Ln Santa Maria, CA 3.0 2.0 1130 $2,600 $2.30 14d 1 1.06mi
703 Meehan St Santa Maria, CA 3.0 1.0–2.0 700 $2,917 $4.16 14d 14 1.13mi
740 S Western Ave Santa Maria, CA 2.0 1.0 590 $2,284 $3.87 14d 16 1.13mi
504 Playa Blanca Ct Santa Maria, CA 2.0 1.0 800 $2,000 $2.50 14d 1 1.28mi

Listing history 28 events

  1. 2026-06-18
    days on market $168,000 Active 87 DOM
  2. 2026-06-17
    days on market $168,000 Active 86 DOM
  3. 2026-06-16
    days on market $168,000 Active 85 DOM
  4. 2026-06-15
    days on market $168,000 Active 84 DOM
  5. 2026-06-14
    days on market $168,000 Active 82 DOM
  6. 2026-06-13
    days on market $168,000 Active 81 DOM
  7. 2026-06-10
    days on market $168,000 Active 79 DOM
  8. 2026-06-09
    days on market $168,000 Active 78 DOM
  9. 2026-06-08
    days on market $168,000 Active 77 DOM
  10. 2026-06-07
    days on market $168,000 Active 76 DOM
  11. 2026-06-05
    days on market $168,000 Active 73 DOM
  12. 2026-06-03
    days on market $168,000 Active 72 DOM
  13. 2026-06-02
    days on market $168,000 Active 71 DOM
  14. 2026-06-01
    days on market $168,000 Active 70 DOM
  15. 2026-05-31
    days on market $168,000 Active 69 DOM
  16. 2026-05-30
    days on market $168,000 Active 68 DOM
  17. 2026-04-24
    price $168,000
  18. 2026-04-03
    price $188,888
  19. 2026-03-23
    listed $198,000 Active
  20. 2024-06-19
    soldstatus $158,000 Closed 1123-char remark
    Show marketing remark (1114 chars)

    FRESH is one word that describes #40 located in La Maria 55+ mobile home park. Fresh paint inside and out, fresh flooring and freshly cleaned. Spacious 1227sqft double wide built in 2002. Appreciate the vaulted ceilings the minute you step foot inside. South facing windows allow sunlight throughout the day. Well laid out two bedroom, PLUS a den and two spacious bathrooms. Open kitchen with custom cabinets, dishwasher, built in microwave and gas range. Indoor laundry with storage and all in one washer/ dryer unit. Hall bath with tub and wall hair dryer. Bedroom #2 is bright and has walk-in closet. Fantastic primary bedroom with vaulted ceilings, walk-in closet and large windows to let in the fresh coastal air. Shower in primary with double sinks, and storage. Extended covered porch to enjoy morning coffee or a glass of central coast wine. Conveniently located near post office, shopping and freeway. Two mature avocado trees and orange trees. New owner space rent $1,043.80 includes Water, Trash and sewer. La Maria provides pool, jacuzzi and clubhouse. Call your local agent for additional information.

  21. 2024-06-19
    soldstatus $158,000 Closed Sale 1114-char remark
    Show marketing remark (1114 chars)

    FRESH is one word that describes #40 located in La Maria 55+ mobile home park. Fresh paint inside and out, fresh flooring and freshly cleaned. Spacious 1227sqft double wide built in 2002. Appreciate the vaulted ceilings the minute you step foot inside. South facing windows allow sunlight throughout the day. Well laid out two bedroom, PLUS a den and two spacious bathrooms. Open kitchen with custom cabinets, dishwasher, built in microwave and gas range. Indoor laundry with storage and all in one washer/ dryer unit. Hall bath with tub and wall hair dryer. Bedroom #2 is bright and has walk-in closet. Fantastic primary bedroom with vaulted ceilings, walk-in closet and large windows to let in the fresh coastal air. Shower in primary with double sinks, and storage. Extended covered porch to enjoy morning coffee or a glass of central coast wine. Conveniently located near post office, shopping and freeway. Two mature avocado trees and orange trees. New owner space rent $1,043.80 includes Water, Trash and sewer. La Maria provides pool, jacuzzi and clubhouse. Call your local agent for additional information.

  22. 2024-06-19
    status Pending Sale 1114-char remark
    Show marketing remark (1114 chars)

    FRESH is one word that describes #40 located in La Maria 55+ mobile home park. Fresh paint inside and out, fresh flooring and freshly cleaned. Spacious 1227sqft double wide built in 2002. Appreciate the vaulted ceilings the minute you step foot inside. South facing windows allow sunlight throughout the day. Well laid out two bedroom, PLUS a den and two spacious bathrooms. Open kitchen with custom cabinets, dishwasher, built in microwave and gas range. Indoor laundry with storage and all in one washer/ dryer unit. Hall bath with tub and wall hair dryer. Bedroom #2 is bright and has walk-in closet. Fantastic primary bedroom with vaulted ceilings, walk-in closet and large windows to let in the fresh coastal air. Shower in primary with double sinks, and storage. Extended covered porch to enjoy morning coffee or a glass of central coast wine. Conveniently located near post office, shopping and freeway. Two mature avocado trees and orange trees. New owner space rent $1,043.80 includes Water, Trash and sewer. La Maria provides pool, jacuzzi and clubhouse. Call your local agent for additional information.

  23. 2024-06-03
    status Pending 1123-char remark
    Show marketing remark (1123 chars)

    Beautiful #40 is located in La Maria 55+ mobile home park. Fresh paint inside and out, NEW LVP flooring, and new plush carpet. Spacious 2bd plus Den/2ba 1227sqft double wide built in 2002. Appreciate the vaulted ceilings the minute you step foot inside. South facing windows allow sunlight throughout the day. Open kitchen with custom cabinets, dishwasher, built in microwave and gas range. Indoor laundry with storage and stacked washer/ dryer unit. Hall bath with tub and wall hair dryer. Bedroom #2 is bright and has walk-in closet. Fantastic primary bedroom with vaulted ceilings, walk-in closet and large windows to let in the fresh central coast air. Shower in primary with double sinks, and storage. Extended covered porch to enjoy morning coffee or a glass of central coast wine. Conveniently located near post office, shopping and freeway. Two mature avocado trees and orange trees. New owner space rent $1,043.80 includes Water, Trash and sewer. La Maria provides pool, jacuzzi and clubhouse. Call your local agent for additional information. Seller will provide a 1 year home warranty to cover appliances.

  24. 2024-05-27
    price $159,900 1114-char remark
    Show marketing remark (1114 chars)

    FRESH is one word that describes #40 located in La Maria 55+ mobile home park. Fresh paint inside and out, fresh flooring and freshly cleaned. Spacious 1227sqft double wide built in 2002. Appreciate the vaulted ceilings the minute you step foot inside. South facing windows allow sunlight throughout the day. Well laid out two bedroom, PLUS a den and two spacious bathrooms. Open kitchen with custom cabinets, dishwasher, built in microwave and gas range. Indoor laundry with storage and all in one washer/ dryer unit. Hall bath with tub and wall hair dryer. Bedroom #2 is bright and has walk-in closet. Fantastic primary bedroom with vaulted ceilings, walk-in closet and large windows to let in the fresh coastal air. Shower in primary with double sinks, and storage. Extended covered porch to enjoy morning coffee or a glass of central coast wine. Conveniently located near post office, shopping and freeway. Two mature avocado trees and orange trees. New owner space rent $1,043.80 includes Water, Trash and sewer. La Maria provides pool, jacuzzi and clubhouse. Call your local agent for additional information.

  25. 2024-05-06
    price $159,900 1123-char remark
    Show marketing remark (1123 chars)

    Beautiful #40 is located in La Maria 55+ mobile home park. Fresh paint inside and out, NEW LVP flooring, and new plush carpet. Spacious 2bd plus Den/2ba 1227sqft double wide built in 2002. Appreciate the vaulted ceilings the minute you step foot inside. South facing windows allow sunlight throughout the day. Open kitchen with custom cabinets, dishwasher, built in microwave and gas range. Indoor laundry with storage and stacked washer/ dryer unit. Hall bath with tub and wall hair dryer. Bedroom #2 is bright and has walk-in closet. Fantastic primary bedroom with vaulted ceilings, walk-in closet and large windows to let in the fresh central coast air. Shower in primary with double sinks, and storage. Extended covered porch to enjoy morning coffee or a glass of central coast wine. Conveniently located near post office, shopping and freeway. Two mature avocado trees and orange trees. New owner space rent $1,043.80 includes Water, Trash and sewer. La Maria provides pool, jacuzzi and clubhouse. Call your local agent for additional information. Seller will provide a 1 year home warranty to cover appliances.

  26. 2024-04-30
    listed $165,000 Active 1114-char remark
    Show marketing remark (1114 chars)

    FRESH is one word that describes #40 located in La Maria 55+ mobile home park. Fresh paint inside and out, fresh flooring and freshly cleaned. Spacious 1227sqft double wide built in 2002. Appreciate the vaulted ceilings the minute you step foot inside. South facing windows allow sunlight throughout the day. Well laid out two bedroom, PLUS a den and two spacious bathrooms. Open kitchen with custom cabinets, dishwasher, built in microwave and gas range. Indoor laundry with storage and all in one washer/ dryer unit. Hall bath with tub and wall hair dryer. Bedroom #2 is bright and has walk-in closet. Fantastic primary bedroom with vaulted ceilings, walk-in closet and large windows to let in the fresh coastal air. Shower in primary with double sinks, and storage. Extended covered porch to enjoy morning coffee or a glass of central coast wine. Conveniently located near post office, shopping and freeway. Two mature avocado trees and orange trees. New owner space rent $1,043.80 includes Water, Trash and sewer. La Maria provides pool, jacuzzi and clubhouse. Call your local agent for additional information.

  27. 2024-04-29
    price $165,000 1123-char remark
    Show marketing remark (1123 chars)

    Beautiful #40 is located in La Maria 55+ mobile home park. Fresh paint inside and out, NEW LVP flooring, and new plush carpet. Spacious 2bd plus Den/2ba 1227sqft double wide built in 2002. Appreciate the vaulted ceilings the minute you step foot inside. South facing windows allow sunlight throughout the day. Open kitchen with custom cabinets, dishwasher, built in microwave and gas range. Indoor laundry with storage and stacked washer/ dryer unit. Hall bath with tub and wall hair dryer. Bedroom #2 is bright and has walk-in closet. Fantastic primary bedroom with vaulted ceilings, walk-in closet and large windows to let in the fresh central coast air. Shower in primary with double sinks, and storage. Extended covered porch to enjoy morning coffee or a glass of central coast wine. Conveniently located near post office, shopping and freeway. Two mature avocado trees and orange trees. New owner space rent $1,043.80 includes Water, Trash and sewer. La Maria provides pool, jacuzzi and clubhouse. Call your local agent for additional information. Seller will provide a 1 year home warranty to cover appliances.

  28. 2024-03-09
    listed $175,000 Active 1123-char remark
    Show marketing remark (1123 chars)

    Beautiful #40 is located in La Maria 55+ mobile home park. Fresh paint inside and out, NEW LVP flooring, and new plush carpet. Spacious 2bd plus Den/2ba 1227sqft double wide built in 2002. Appreciate the vaulted ceilings the minute you step foot inside. South facing windows allow sunlight throughout the day. Open kitchen with custom cabinets, dishwasher, built in microwave and gas range. Indoor laundry with storage and stacked washer/ dryer unit. Hall bath with tub and wall hair dryer. Bedroom #2 is bright and has walk-in closet. Fantastic primary bedroom with vaulted ceilings, walk-in closet and large windows to let in the fresh central coast air. Shower in primary with double sinks, and storage. Extended covered porch to enjoy morning coffee or a glass of central coast wine. Conveniently located near post office, shopping and freeway. Two mature avocado trees and orange trees. New owner space rent $1,043.80 includes Water, Trash and sewer. La Maria provides pool, jacuzzi and clubhouse. Call your local agent for additional information. Seller will provide a 1 year home warranty to cover appliances.

ⓘ 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
$999 · $83/mo
Projected year-2 tax
$1,277 · $106/mo
Expected delta
+$278/yr (+$23/mo · 27.8%)

ⓘ 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 1/10 Low
  • 🌡 Heat 3/10 Moderate 7 d/yr ≥84°F today · 16 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 6/10 Major 8 unhealthy d/yr today · 10 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$28,920
− Mortgage interest
−$9,411
− Property taxes
−$999
− Insurance
−$840
− Repairs & maintenance
−$2,314
− Management
−$2,314
− Depreciation
−$4,887
Taxable income
$8,156
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,958
After-tax cash flow
$8,479/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
Santa Maria-Bonita
NCES district ID
0605580
Math proficiency
26% ▲ 3.00%
Reading proficiency
34% ▲ 3.00%
Median HH income
$50,959
Composite
29.11/100
National rank
#11891
State rank
#1023 of 1400 in CA

Livability — Santa Maria

Score
71/100
State rank
#202
US rank
#6519

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Santa Maria, CA
County
Santa Barbara County · 410,380 people
City population
145,655
Metro
Santa Maria-Santa Barbara, CA
Population (ZIP)
59,148
Household income
$75,257
Rent vs Own
57.1% rent · 42.9% own
Severe rent burden
2583.0

Population outlook (Santa Barbara County) Hauer SSP2

Today (2025)
484,679 people
By 2030
505,323 · +4.3%
By 2040
545,783 · +12.6%
By 2050
584,263 · +20.5%
By 2075
682,586 · +40.8%
By 2100
723,188 · +49.2%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly Hispanic (87%)
Race & ethnicity
Hispanic / Latino 87% Two or more races 41% White 8% Asian 4% Native American 4%
Hispanic origin (detail)
Mexican 83%
Common ancestry
Lithuanian 1%
Foreign-born
40% · Canada, Jamaica
Languages at home
21% English-only · Spanish 72% Tagalog/Filipino 2% Other Asian/Pacific 1%

Political lean MEDSL · Santa Barbara

2024 margin
Strong D (+26.7) · D 61.8% · R 35.1% · Other 3.1%
2008→2024 swing
+3.8pp toward D · 2008: 22.9pp · 2024: 26.7pp
All cycles
2024: D+26.7 2020: D+32.1 2016: D+28.2 2012: D+17.1 2008: D+22.9

Not yet ingested

Civics

Market trends

HPI YoY
▼ -422.91%
Current HPI
347.9281
Rent YoY
▲ 2.31%
Metro
Santa Maria-Santa Barbara, CA
State GDP YoY
▲ 3.21%
F500 in state
116

Industry mix (Fortune 500 HQ in CA)

Industry F500 HQs Revenue

Price history

-4.0% since first listed
12 events — show timeline
  • 2026-04-24 Price Changed $168,000 NSBCRMLS
  • 2026-04-03 Price Changed $188,888 NSBCRMLS
  • 2026-03-23 Listed $198,000 NSBCRMLS
  • 2024-06-19 Sold (MLS) $158,000 CRMLS
  • 2024-06-19 Sold (MLS) $158,000 NSBCRMLS
  • 2024-06-19 Pending CRMLS
  • 2024-06-03 Pending NSBCRMLS
  • 2024-05-27 Price Changed $159,900 CRMLS
  • 2024-05-06 Price Changed $159,900 NSBCRMLS
  • 2024-04-30 Listed $165,000 CRMLS
  • 2024-04-29 Price Changed $165,000 NSBCRMLS
  • 2024-03-09 Listed $175,000 NSBCRMLS

Property tax history

+2.1%/yr

Latest (2025): $999 · +32.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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