21100 State St #360 · San Jacinto, CA 92583

$106,000

3 bd · 2.0 ba · 1,050 sqft · Manufactured · 372 Days on market

Built 2018 Good condition $101/sqft · 79% above area

---

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
• Condition / age +4.0/5.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bed, 2 bath manufactured home in Turn-key immaculate condition. Only seven years old, built in 2018. Open floor plan. Ceiling fans. Smart thermostat controlled AC & Heat. Coded door lock. New Roof and Awning. Shed. Located in peaceful and serene Country Lake 55+ community. Clubhouse with many activities, pool, spa, bathrooms and laundry. Enjoy the beautiful views of the park's tree lined streets and nearby mountains, while you drive or walk around the lake or fish from the docks.

Key facts

• New awning
• Open floor plan
• Shed

Tags

• OPEN FLOOR PLAN
• SMART THERMOSTAT CONTROLLED AC
• NEW ROOF
• NEW AWNING
• SHED
• CLUBHOUSE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $106k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $106k).
• Recommended offer: $93k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.6% vs local median 3.8% in San Jacinto — 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 (#467 in CA) — a middle-class / working-renter tenant base. Strengths: housing A+; Watch: employment D+, schools D-, amenities F.
• San Jacinto Unified (suburban): math 13% / reading 36% proficiency, ranked #421 of 517 in CA (top 81%) — 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 (+2.6%/yr); 160 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• This rent runs 39% of the median local income ($68k/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 $733 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Riverside County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.6% rent growth), your $30k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 372 days — a 12% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago; this cycle's ask has dropped $19k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 8→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $93,280 (12.0% below list)

Questions for the listing agent

1. It's been on market 372 days. Have you received any prior offers? Is the seller open to a 12% 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 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?
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: 2.09% ✓
• Cap rate: 18.55%
• Cash-on-cash: 43.79%
• DSCR: 2.95
• GRM: 4.0

CMA / ARV

• ARV (median comp): $59,082
• List price: $106,000
• Delta: 79.41%
• Verdict: OVERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
21100 State St #142	0.00mi	3/2.0	1,058 (+1%)	14mo	$130,000	$123	88
21100 State St #371	0.00mi	3/2.0	1,026 (-2%)	16mo	$115,000	$112	83
21100 State St #237	0.00mi	2/2.0 (-1)	1,152 (+10%)	19mo	$50,000	$43	63
21100 State St #330	0.25mi	3/2.0	1,200 (+14%)	3mo	$52,000	$43	62
21100 State St #324	0.00mi	2/2.0 (-1)	1,196 (+14%)	14mo	$128,000	$107	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 · 2.61% rent growth · sell at horizon

5-year hold

• IRR: 40.3%
• Equity multiple: 2.72×
• Total profit: $50,936
• Equity at exit: $15,805

10-year hold

• IRR: 46.4%
• Equity multiple: 5.37×
• Total profit: $129,630
• Equity at exit: $9,165

Cash invested: $29,680 (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 92583

• Home prices YoY: -14.8%
• Rents YoY: 2.6%
• Active inventory: 160
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $2,215 high
• Mortgage (P&I): −$556
• Tax from tax record: −$67 /mo · $802/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $1,083

Break-even live

Break-even rent $844

Max offer price $106,000

Occupancy floor 46%

Sensitivity live

Price	-10% $1,143	-5% $1,113	+0% $1,083	+5% $1,053	+10% $1,023
Rent	-10% $908	-5% $996	+0% $1,083	+5% $1,171	+10% $1,258
Rate	-1.0pp $1,137	-0.5pp $1,110	base $1,083	+0.5pp $1,056	+1.0pp $1,028

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: $26,500
• Closing costs: $3,180
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1397 Bushy Tail Trl San Jacinto, CA	2.0	2.0	937	$1,795	$1.92	44d	1	0.54mi
1344 Sierra Seneca Dr San Jacinto, CA	2.0	2.0	1100	$2,000	$1.82	6d	1	0.60mi
1318 Bushy Tail Trl San Jacinto, CA	2.0	2.0	1040	$1,750	$1.68	25d	1	0.62mi
1311 Heritage Ranch Rd San Jacinto, CA	2.0	1.5	900	$1,750	$1.94	44d	1	0.78mi
165 Tiger Ln San Jacinto, CA	2.0	2.0	1339	$2,150	$1.61	3d	1	1.46mi

Listing history 32 events

1. 2026-06-21
   days on market $106,000 Active 372 DOM
2. 2026-06-18
   days on market $106,000 Active 369 DOM
3. 2026-06-17
   days on market $106,000 Active 368 DOM
4. 2026-06-16
   days on market $106,000 Active 367 DOM
5. 2026-06-15
   days on market $106,000 Active 366 DOM
6. 2026-06-13
   days on market $106,000 Active 364 DOM
7. 2026-06-13
   days on market $106,000 Active 363 DOM
8. 2026-06-09
   days on market $106,000 Active 360 DOM
9. 2026-06-08
   days on market $106,000 Active 359 DOM
10. 2026-06-07
    days on market $106,000 Active 358 DOM
11. 2026-06-04
    days on market $106,000 Active 355 DOM
12. 2026-06-03
    days on market $106,000 Active 354 DOM
13. 2026-06-02
    days on market $106,000 Active 353 DOM
14. 2026-06-01
    days on market $106,000 Active 352 DOM
15. 2026-05-31
    days on market $106,000 Active 351 DOM
16. 2026-04-15
    price $106,000 492-char remark

    Show marketing remark (492 chars)

    3 bed, 2 bath manufactured home in Turn-key immaculate condition. Only seven years old, built in 2018. Open floor plan. Ceiling fans. Smart thermostat controlled AC & Heat. Coded door lock. New Roof and Awning. Shed. Located in peaceful and serene Country Lake 55+ community. Clubhouse with many activities, pool, spa, bathrooms and laundry. Enjoy the beautiful views of the park's tree lined streets and nearby mountains, while you drive or walk around the lake or fish from the docks.

17. 2026-01-12
    price $110,000 492-char remark

    Show marketing remark (492 chars)

    3 bed, 2 bath manufactured home in Turn-key immaculate condition. Only seven years old, built in 2018. Open floor plan. Ceiling fans. Smart thermostat controlled AC & Heat. Coded door lock. New Roof and Awning. Shed. Located in peaceful and serene Country Lake 55+ community. Clubhouse with many activities, pool, spa, bathrooms and laundry. Enjoy the beautiful views of the park's tree lined streets and nearby mountains, while you drive or walk around the lake or fish from the docks.

18. 2025-10-21
    price $113,500 492-char remark

    Show marketing remark (492 chars)

    3 bed, 2 bath manufactured home in Turn-key immaculate condition. Only seven years old, built in 2018. Open floor plan. Ceiling fans. Smart thermostat controlled AC & Heat. Coded door lock. New Roof and Awning. Shed. Located in peaceful and serene Country Lake 55+ community. Clubhouse with many activities, pool, spa, bathrooms and laundry. Enjoy the beautiful views of the park's tree lined streets and nearby mountains, while you drive or walk around the lake or fish from the docks.

19. 2025-08-08
    price $115,000 492-char remark

    Show marketing remark (492 chars)

    3 bed, 2 bath manufactured home in Turn-key immaculate condition. Only seven years old, built in 2018. Open floor plan. Ceiling fans. Smart thermostat controlled AC & Heat. Coded door lock. New Roof and Awning. Shed. Located in peaceful and serene Country Lake 55+ community. Clubhouse with many activities, pool, spa, bathrooms and laundry. Enjoy the beautiful views of the park's tree lined streets and nearby mountains, while you drive or walk around the lake or fish from the docks.

20. 2025-07-12
    price $118,000 492-char remark

    Show marketing remark (492 chars)

    3 bed, 2 bath manufactured home in Turn-key immaculate condition. Only seven years old, built in 2018. Open floor plan. Ceiling fans. Smart thermostat controlled AC & Heat. Coded door lock. New Roof and Awning. Shed. Located in peaceful and serene Country Lake 55+ community. Clubhouse with many activities, pool, spa, bathrooms and laundry. Enjoy the beautiful views of the park's tree lined streets and nearby mountains, while you drive or walk around the lake or fish from the docks.

21. 2025-06-14
    listed $124,900 Active 492-char remark

    Show marketing remark (492 chars)

    3 bed, 2 bath manufactured home in Turn-key immaculate condition. Only seven years old, built in 2018. Open floor plan. Ceiling fans. Smart thermostat controlled AC & Heat. Coded door lock. New Roof and Awning. Shed. Located in peaceful and serene Country Lake 55+ community. Clubhouse with many activities, pool, spa, bathrooms and laundry. Enjoy the beautiful views of the park's tree lined streets and nearby mountains, while you drive or walk around the lake or fish from the docks.

22. 2025-06-13
    historical
23. 2025-03-29
    price $118,000
24. 2025-01-27
    price $120,000
25. 2025-01-12
    price $125,000
26. 2024-11-30
    price $127,500
27. 2024-09-20
    listed $130,000 Active
28. 2023-12-08
    soldstatus $110,000 Closed Sale
29. 2023-08-10
    listed $118,000 Active
30. 2020-06-29
    soldstatus $68,000 Closed Sale
31. 2020-06-13
    status Pending Sale
32. 2020-05-07
    listed $78,000 Active

ⓘ 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: $802 · $67/mo
• Projected year-2 tax: $806 · $67/mo
• Expected delta: +$4/yr ($0/mo · 0.5%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 7/10 Severe 8 d/yr ≥103°F today · 23 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 12 unhealthy d/yr today · 14 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,582
• − Mortgage interest: −$5,938
• − Property taxes: −$802
• − Insurance: −$530
• − Repairs & maintenance: −$2,127
• − Management: −$2,127
• − Depreciation: −$3,084
• Taxable income: $11,976
• Est. tax owed @ 24.0%: −$2,874
• After-tax cash flow: $10,123/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 · 12 photos

Good 80/100 Cosmetic rehab

This turn-key manufactured home in a serene community is in good condition with minimal repairs needed. A fresh coat of paint and some interior updates would significantly enhance its resale and rental value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace carpet with hardwood or tile flooring — Improves aesthetics and is easier to maintain
• Both Update kitchen appliances — Modernizes the space and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace carpet with hardwood or tile flooring — Improves aesthetics and is easier to maintain ↑
• Both Update kitchen appliances — Modernizes the space and adds value ↑

ⓘ 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: San Jacinto Unified
• NCES district ID: 0634440
• Math proficiency: 13% ▼ -9.00%
• Reading proficiency: 36% ▬ 0.00%
• Median HH income: $43,560
• Composite: 20.94/100
• National rank: #8478
• State rank: #421 of 517 in CA

Livability — San Jacinto

• Score: 63/100
• State rank: #467
• US rank: #15889

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Riverside County · 2,287,001 people
• City population: 33,778
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 33,778
• Household income: $68,351
• Rent vs Own: 31.4% rent · 68.6% own
• Severe rent burden: 747.0

Population outlook (Riverside County) Hauer SSP2

• Today (2025): 2,664,475 people
• By 2030: 2,802,692 · +5.2%
• By 2040: 3,050,904 · +14.5%
• By 2050: 3,256,783 · +22.2%
• By 2075: 3,655,058 · +37.2%
• By 2100: 3,766,594 · +41.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Hispanic / Latino 60% White 26% Two or more races 23% Black 5% Asian 3% Native American 3%
• Hispanic origin (detail): Mexican 52%
• Common ancestry: Lithuanian 1% Iranian 1% Portuguese 1%
• Foreign-born: 20% · Canada
• Languages at home: 56% English-only · Spanish 40% Tagalog/Filipino 2% Other Asian/Pacific 1%

Political lean MEDSL · Riverside

• 2024 margin: Toss-up / Even · D 48.0% · R 49.3% · Other 2.6%
• 2008→2024 swing: -3.6pp toward R · 2008: 2.3pp · 2024: -1.3pp
• All cycles: 2024: R+1.3 2020: D+8.0 2016: D+4.3 2012: R+0.4 2008: D+2.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -71.15%
• Current HPI: 407.8584
• Rent YoY: ▲ 2.61%
• 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
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+35.9% since first listed

17 events — show timeline

• 2026-04-15 Price Changed $106,000 CRMLS
• 2026-01-12 Price Changed $110,000 CRMLS
• 2025-10-21 Price Changed $113,500 CRMLS
• 2025-08-08 Price Changed $115,000 CRMLS
• 2025-07-12 Price Changed $118,000 CRMLS
• 2025-06-14 Listed $124,900 CRMLS
• 2025-06-13 Listing Removed — CRMLS
• 2025-03-29 Price Changed $118,000 CRMLS
• 2025-01-27 Price Changed $120,000 CRMLS
• 2025-01-12 Price Changed $125,000 CRMLS
• 2024-11-30 Price Changed $127,500 CRMLS
• 2024-09-20 Listed $130,000 CRMLS
• 2023-12-08 Sold (MLS) $110,000 CRMLS
• 2023-08-10 Listed $118,000 CRMLS
• 2020-06-29 Sold (MLS) $68,000 CRMLS
• 2020-06-13 Pending — CRMLS
• 2020-05-07 Listed $78,000 CRMLS

Property tax history

-0.9%/yr

Latest (2025): $802 · -10.6% YoY. Source: county tax records.