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701 Montara Rd #259
B- Composite 67.67
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 +3.2/5.0
  • Rent growth +3.1/5.0
  • Condition / age +2.5/5.0
  • Schools +1.4/10.0
  • Appreciation +0.0/10.0

$63,500

701 Montara Rd #259 · Barstow, CA 92311
3 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 49 Days on market
Built 1988 $60/sqft · 75% above area

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Great three bedroom two bath mobile home located in the Holiday Homes Mobile Home Park on Montara Rd. 1152 square foot home features a split floor plan with a master bedroom on one side and the other two bedrooms on the other. The front door opens up to a great gated deck area with a beautiful view of the Mountains. There is a fenced yard in the back of the home with two entry gates. Association Amenities: Laundry # of RV Spaces: 0 Special Features: Storage ShedFRON, PART Lot Location Type: Standard Location FireplaceFeatures: None Zoning: Residential 1 # of Attached Spaces: 0 # of Detached Spaces: 0 # of RV Spaces: 0

Key facts

  • Community clubhouse
  • Spa
  • Gated park

Tags

DOUBLE WIDE MANUFACTURED HOMECLEAN AND AIRY LIVING SPACECOMMUNITY CLUBHOUSEPOOLSPAGATED PARK

Property features AI

Finance

  • Other: Listing terms: Conventional, Cash to New Loan, Cash; Sale type: Standard; Property sold as-is
  • Financial info: Land is lease type; land lease amount listed as $700 annually
  • HOA & community: Senior community; No gated community; Monthly space rent: $625; No monthly association fee reported

Exterior

  • Parking: Attached carport; 2 total parking spaces (2 carport spaces)
  • Security: Community security
  • Utilities: Sewer: Unknown; PUD: No
  • Home design: Double-wide mobile home; Single-story; Ground level entry; Built in 1988 (manufacturer date reported)
  • Construction: Manufactured by Champion; Mobile home to remain
  • Exterior features: Community pool (in-ground); Mountain view; Detached property; Located in a senior park (Holiday Homes)

Interior

  • Bedrooms: Ground level
  • Flooring: Carpet; Linoleum
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Central heating; Air conditioning
  • Interior features: Unfurnished; Community security

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 3-bed/2.0-bath manufactured listed at $64k.

Deal economics

  • At list price, monthly cash flow is $1k ($15k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $64k).
  • Recommended offer: $62k (3.0% below list) — sets the bar for market timing.
  • Cap rate 29.4% vs local median 4.6% in Barstow — 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 63/100 on livability (#444 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: amenities C-, health & safety C-, schools F.
  • Barstow Unified (town): math 11% / reading 22% proficiency, ranked #482 of 517 in CA (top 93%) — 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: Rents rising (+2.3%/yr); 343 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).
  • This rent runs 39% of the median local income ($62k/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 $439 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
  • San Bernardino County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
  • At projected returns (-3.0% appreciation + 2.3% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 49 days — a 3% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 10y 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 $17k; list at $64k implies a 274% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Climate carrying-cost: extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $61,595 (3.0% below list)

Questions for the listing agent

  1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  3. 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?
  4. 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?
  5. 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.
  6. 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.
  7. 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
3.18%
Cap rate
29.39%
Cash-on-cash
82.48%
DSCR
4.67
GRM
2.6

CMA / ARV

ARV (median comp)
$36,241
List price
$63,500
Delta
75.21%
Verdict
OVERPRICED
Comps
8 within 1.0 mi
Show comp detail 7 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
701 Montara Rd #46 0.00mi 2/2.0 (-1) 1,056 (0%) 12mo $50,000 $47 85
701 Montara Rd #110 0.10mi 2/2.0 (-1) 1,040 (-2%) 6mo $41,000 $39 82
701 Montara Rd #113 0.16mi 2/2.0 (-1) 1,040 (-2%) 6mo $18,000 $17 80
701 Montara Rd #261 0.00mi 3/2.0 1,080 (+2%) 22mo $24,000 $22 78
701 Montara Rd #122 0.10mi 2/2.0 (-1) 1,030 (-2%) 13mo $32,000 $31 75
701 Montara Rd #227 0.00mi 2/2.0 (-1) 1,152 (+9%) 13mo $12,000 $10 69
701 Montara Rd #77 0.10mi 2/2.0 (-1) 1,160 (+10%) 17mo $29,900 $26 59

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 · 2.32% rent growth · sell at horizon

5-year hold
IRR
82.0%
Equity multiple
4.72×
Total profit
$66,160
Equity at exit
$9,468
10-year hold
IRR
85.2%
Equity multiple
9.56×
Total profit
$152,239
Equity at exit
$5,490

Cash invested: $17,780 (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 92311

Home prices YoY
-30.6%
Rents YoY
2.3%
Active inventory
343
Price-to-rent
2.6×

Monthly cashflow live

Estimated rent
$2,018 high interval (Pro) →
Mortgage (P&I)
$333
Tax from tax record
$12 /mo · $149/yr
Insurance
$26
HOA
$0
Vacancy / Maint / Mgmt
$424
Net cashflow
$1,222

Break-even live

Break-even rent $471
Max offer price $63,500
Occupancy floor 34%

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
$15,875
Closing costs
$1,905
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 8 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
800 Arbor Way Barstow, CA 3.0 2.0 1000 $2,500 $2.50 24d 1 0.14mi
1801 Rimrock Rd Barstow, CA 1.0–2.0 1.0–2.0 775 $1,810 $2.34 1d 6 0.31mi
332 Date Ave Barstow, CA 4.0 2.0 1144 $1,950 $1.70 43d 1 0.78mi
751 Upton Dr Unit 2 Barstow, CA 2.0 1.0 800 $1,295 $1.62 18d 1 1.01mi
761 Upton Dr Unit C Barstow, CA 2.0 1.0 800 $1,199 $1.50 5d 1 1.01mi
810 Starlight St Barstow, CA 3.0 2.0 1430 $1,895 $1.33 43d 1 1.38mi
937 E Elizabeth St Barstow, CA 4.0 1.0 1422 $2,195 $1.54 4d 1 1.39mi
945 Carson St Barstow, CA 2.0 1.0 800 $1,300 $1.62 43d 1 1.43mi

Listing history 19 events

  1. 2026-06-18
    days on market $63,500 Active 49 DOM
  2. 2026-06-17
    days on market $63,500 Active 48 DOM
  3. 2026-06-16
    days on market $63,500 Active 47 DOM
  4. 2026-06-15
    days on market $63,500 Active 46 DOM
  5. 2026-06-13
    days on market $63,500 Active 44 DOM
  6. 2026-06-13
    days on market $63,500 Active 43 DOM
  7. 2026-06-09
    days on market $63,500 Active 40 DOM
  8. 2026-06-08
    days on market $63,500 Active 39 DOM
  9. 2026-06-07
    days on market $63,500 Active 38 DOM
  10. 2026-06-04
    days on market $63,500 Active 35 DOM
  11. 2026-06-03
    days on market $63,500 Active 34 DOM
  12. 2026-06-02
    days on market $63,500 Active 33 DOM
  13. 2026-06-01
    days on market $63,500 Active 32 DOM
  14. 2026-05-31
    days on market $63,500 Active 31 DOM
  15. 2026-04-28
    listed $63,500 Active 317-char remark
  16. 2025-12-25
    historical
  17. 2025-05-22
    listed $90,000 Active
  18. 2016-09-16
    soldstatus $17,000
    Show marketing remark (627 chars)

    Great three bedroom two bath mobile home located in the Holiday Homes Mobile Home Park on Montara Rd. 1152 square foot home features a split floor plan with a master bedroom on one side and the other two bedrooms on the other. The front door opens up to a great gated deck area with a beautiful view of the Mountains. There is a fenced yard in the back of the home with two entry gates. Association Amenities: Laundry # of RV Spaces: 0 Special Features: Storage ShedFRON, PART Lot Location Type: Standard Location FireplaceFeatures: None Zoning: Residential 1 # of Attached Spaces: 0 # of Detached Spaces: 0 # of RV Spaces: 0

  19. 2016-03-09
    listed $19,995
    Show marketing remark (627 chars)

    Great three bedroom two bath mobile home located in the Holiday Homes Mobile Home Park on Montara Rd. 1152 square foot home features a split floor plan with a master bedroom on one side and the other two bedrooms on the other. The front door opens up to a great gated deck area with a beautiful view of the Mountains. There is a fenced yard in the back of the home with two entry gates. Association Amenities: Laundry # of RV Spaces: 0 Special Features: Storage ShedFRON, PART Lot Location Type: Standard Location FireplaceFeatures: None Zoning: Residential 1 # of Attached Spaces: 0 # of Detached Spaces: 0 # of RV Spaces: 0

ⓘ 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
$149 · $12/mo
Projected year-2 tax
$483 · $40/mo
Expected delta
+$334/yr (+$28/mo · 224.2%)

ⓘ 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 8/10 Severe 6 d/yr ≥103°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 6/10 Major 11 unhealthy d/yr today · 15 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$24,211
− Mortgage interest
−$3,557
− Property taxes
−$149
− Insurance
−$318
− Repairs & maintenance
−$1,937
− Management
−$1,937
− Depreciation
−$1,847
Taxable income
$14,467
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$3,472
After-tax cash flow
$11,192/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
Barstow Unified
NCES district ID
0604020
Math proficiency
11% ▼ -7.00%
Reading proficiency
22% ▼ -7.00%
Median HH income
$44,505
Composite
14.44/100
National rank
#9430
State rank
#482 of 517 in CA

Livability — Barstow

Score
63/100
State rank
#444
US rank
#15099

Category grades

Amenities C- Commute A+ Cost of living B- 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
Barstow, CA
County
San Bernardino County · 2,030,291 people
City population
33,954
Metro
Riverside-San Bernardino-Ontario, CA
Population (ZIP)
33,954
Household income
$61,862
Rent vs Own
50.0% rent · 50.0% own
Severe rent burden
1305.0

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 0.68)
Race & ethnicity
Hispanic / Latino 46% White 29% Two or more races 22% Black 15% Native American 3% Asian 2% Pacific Islander 1%
Hispanic origin (detail)
Mexican 39% Puerto Rican 2%
Common ancestry
Portuguese 1% Lithuanian 1% Italian 1%
Foreign-born
9% · Canada, South Korea
Languages at home
77% English-only · Spanish 20% Tagalog/Filipino 1% Other Indo-European 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
▼ -139.26%
Current HPI
316.4858
Rent YoY
▲ 2.32%
Metro
Riverside-San Bernardino-Ontario, CA
State GDP YoY
▲ 3.21%
F500 in state
116

Industry mix (Fortune 500 HQ in CA)

Industry F500 HQs Revenue

Price history

+217.6% since first listed
5 events — show timeline
  • 2026-04-28 Listed $63,500 GPSMLS
  • 2025-12-25 Listing Removed GPSMLS
  • 2025-05-22 Listed $90,000 GPSMLS
  • 2016-09-16 Sold (MLS) $17,000 CRMLS
  • 2016-03-09 Listed $19,995 CRMLS

Property tax history

-3.3%/yr

Latest (2025): $149 · -0.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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