900 Golden Wheel Park Dr #130 · San Jose, CA 95112

$299,888

2 bd · 2.0 ba · 800 sqft · Manufactured · 44 Days on market

Built 1971 $375/sqft · at area comps Est $307k · at est.

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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 +24.4/30.0
• ARV discount +8.6/15.0
• DSCR +7.9/10.0
• 1% rule +6.3/10.0
• Schools +5.5/10.0
• Livability +3.9/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming 2-bedroom, 2-bathroom home offering 800 sq. ft. of bright, modern living in the heart of Silicon Valley. This home blends style, comfort, and value. Perfect for today's buyer. Step inside to enjoy fresh interior paint, double-pane windows, new SPC luxury flooring, new quartz kitchen countertops, new European-style cabinetry, stainless steel appliances, updated bathrooms, and new lighting throughout. Relax or entertain in the cozy private backyard, complete with a storage shed. A rare bonus, parking for 3 or more vehicles! Located in Golden Wheel, an all-age community featuring great amenities such as a clubhouse with kitchen and a swimming pool. An unbeatable location near major freeways (101, 880, 680), Great Mall, Costco, Sprouts, H-Mart, 99 Ranch Market, and a variety of shopping and dining options. Whether youre a first-time buyer, downsizing, or investing, this is a rare opportunity to own an affordable, stylish home in one of San Joses most convenient locations with one of the lowest space rents in the area.

Key facts

• Fresh interior paint
• Double-pane windows
• Built 1971

Tags

• FRESH INTERIOR PAINT
• DOUBLE-PANE WINDOWS
• NEW SPC LUXURY FLOORING
• NEW QUARTZ KITCHEN COUNTERTOPS
• NEW EUROPEAN-STYLE CABINETRY
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Age restrictions: no restrictions; Pet rules vary: cats permitted, dogs permitted, and some pets not allowed (see park rules)
• Financial info: In-lieu-of-tax (ILT) tax type; Space rent available
• HOA & community: Clubhouse; Community pool; Board approval required; Family park designation

Exterior

• Parking: Carport with 3 spaces (minimum); Covered parking; Tandem parking; Guest/visitor parking; Assigned space number 130; Space available for rent
• Utilities: Public water; Public sewer; Individual electric meters; Individual gas meters
• Home design: Manufactured/mobile home (park home site on leased land)
• Construction: Construction details not specified
• Exterior features: Flat/low-pitch metal roof; Other roof features (see remarks); Leased land site (unit will remain)

Interior

• Kitchen: Eat-in kitchen (appliances not listed)
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring; Vinyl/linoleum; Other flooring (see remarks)
• Bathrooms: 2 full bathrooms; Solid surface counters; Stall shower; Additional features (see remarks)
• Heating & cooling: Central forced air heating
• Interior features: Kitchen/Family room combo; Dining area in living room; Eat-in kitchen
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $300k.

Deal economics

• At list price, monthly cash flow is $489 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $300k).
• Recommended offer: $291k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 1.6% in San Jose — 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 78/100 on livability (#68 in CA, #2,559 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Orchard Elementary (urban): math 51% / reading 60% proficiency, ranked #225 of 1,400 in CA (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.2%/yr); 106 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,838 units permitted in Santa Clara County in 2024 (1,886 in 5+ unit buildings).
• At $3,398/mo this rent would consume 46% of the median local household income ($89k/yr) (locally 4364% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Santa Clara County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $122/mo.
• Climate carrying-cost: in FEMA flood zone AO (mandatory federal flood insurance); extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $290,891 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 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's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.13% ✓
• Cap rate: 8.74%
• Cash-on-cash: 8.74%
• DSCR: 1.39
• GRM: 7.4

CMA / ARV

• ARV (median comp): $307,385
• List price: $299,888
• Delta: -2.44%
• Verdict: FAIR
• Comps: 4 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
900 Golden Wheel Park #120	0.20mi	2/1.5	725 (-9%)	12mo	$230,000	$317	63
900 Golden Wheel Park #15	0.20mi	2/1.0	720 (-10%)	23mo	$200,000	$278	51
1350 Oakland Rd #147	0.25mi	3/2.0 (+1)	880 (+10%)	20mo	$265,000	$301	50

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 · 4.25% rent growth · sell at horizon

5-year hold

• IRR: -4.1%
• Equity multiple: 0.85×
• Total profit: $-12,971
• Equity at exit: $44,714

10-year hold

• IRR: 7.1%
• Equity multiple: 1.57×
• Total profit: $47,567
• Equity at exit: $25,929

Cash invested: $83,969 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City San Jose: 0 Strongly Tenant-Friendly · D+24

Apartment Rent Ordinance covers pre-1979 multifamily.

Methodology + full state rankings →

ZIP-level market 95112

• Rents YoY: 4.2%
• Active inventory: 106
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $3,398 high
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,498/yr
• Insurance: −$125
• Flood insurance flood zone: −$122 /mo · $1,468/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$714
• Net cashflow: $489

Break-even live

Break-even rent $2,778

Max offer price $299,888

Occupancy floor 81%

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: $74,972
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1625 Parkview Green Cir San Jose, CA	2.0	1.0	940	$3,295	$3.51	2d	1	0.53mi
1323 Pebble Ct San Jose, CA	2.0	2.0	1093	$3,500	$3.20	17d	1	0.54mi
1542 Thornleaf Way San Jose, CA	2.0	2.0	922	$3,700	$4.01	2d	1	0.55mi
1331 Lakeshore Cir San Jose, CA	1.0–3.0	1.0–3.0	1017	$3,932	$3.86	2d	28	0.67mi
1543 Ambergrove Dr San Jose, CA	1.0	1.0	652	$2,700	$4.14	2d	2	0.70mi
1501 Berryessa Rd San Jose, CA	2.0	1.0–2.0	966	$4,734	$4.90	2d	31	0.73mi
1600 Whitewood Dr San Jose, CA	1.0–2.0	1.0–2.0	977	$3,806	$3.89	2d	12	0.78mi
750 N 23rd St San Jose, CA	1.0–3.0	1.0	875	$2,799	$3.20	12d	1	1.19mi
1700 N 1st St San Jose, CA	1.0–2.0	1.0–2.0	941	$3,667	$3.90	2d	8	1.24mi
817 N 10th St San Jose, CA	2.0	1.0–2.0	851	$3,749	$4.40	2d	10	1.30mi
60 E Rosemary St San Jose, CA	1.0	1.0	606	$2,202	$3.63	44d	1	1.31mi
263 E Hedding St #1535 San Jose, CA	1.0–4.0	1.0–3.5	1629	$3,640	$2.23	3d	2	1.34mi
756 N 11th St San Jose, CA	2.0	1.0	800	$2,695	$3.37	44d	1	1.35mi
30 E Rosemary St San Jose, CA	1.0	1.0	533	$2,026	$3.80	44d	1	1.37mi
415 E Taylor St San Jose, CA	2.0	1.0–2.0	900	$4,595	$5.11	2d	11	1.40mi
1729 N 1st St San Jose, CA	1.0–2.0	1.0–2.0	887	$4,707	$5.31	2d	12	1.41mi
630 N 16th St San Jose, CA	1.0	1.0	600	$1,995	$3.33	4d	1	1.44mi
978 N 3rd St San Jose, CA	2.0	1.0	1032	$4,500	$4.36	2d	1	1.45mi
1700 Newbury Park Dr San Jose, CA	2.0	1.0–2.0	793	$3,999	$5.04	2d	10	1.47mi
579 N 22nd St Unit 2 San Jose, CA	2.0	1.0	750	$3,200	$4.27	20d	1	1.49mi
579 N 22nd St San Jose, CA	1.0	1.0	630	$2,600	$4.13	20d	1	1.49mi

Listing history 25 events

1. 2026-06-18
   days on market $299,888 Active 44 DOM
2. 2026-06-17
   days on market $299,888 Active 43 DOM
3. 2026-06-16
   days on market $299,888 Active 42 DOM
4. 2026-06-15
   days on market $299,888 Active 41 DOM
5. 2026-06-13
   days on market $299,888 Active 39 DOM
6. 2026-06-13
   days on market $299,888 Active 38 DOM
7. 2026-06-09
   days on market $299,888 Active 35 DOM
8. 2026-06-08
   days on market $299,888 Active 34 DOM
9. 2026-06-07
   days on market $299,888 Active 33 DOM
10. 2026-06-05
    days on market $299,888 Active 30 DOM
11. 2026-06-03
    days on market $299,888 Active 29 DOM
12. 2026-06-02
    days on market $299,888 Active 28 DOM
13. 2026-06-01
    days on market $299,888 Active 27 DOM
14. 2026-05-31
    days on market $299,888 Active 26 DOM
15. 2026-05-05
    listed $299,888 Active 1054-char remark

    Show marketing remark (1054 chars)

    Welcome to this charming 2-bedroom, 2-bathroom home offering 800 sq. ft. of bright, modern living in the heart of Silicon Valley. This home blends style, comfort, and value. Perfect for today's buyer. Step inside to enjoy fresh interior paint, double-pane windows, new SPC luxury flooring, new quartz kitchen countertops, new European-style cabinetry, stainless steel appliances, updated bathrooms, and new lighting throughout. Relax or entertain in the cozy private backyard, complete with a storage shed. A rare bonus, parking for 3 or more vehicles! Located in Golden Wheel, an all-age community featuring great amenities such as a clubhouse with kitchen and a swimming pool. An unbeatable location near major freeways (101, 880, 680), Great Mall, Costco, Sprouts, H-Mart, 99 Ranch Market, and a variety of shopping and dining options. Whether youre a first-time buyer, downsizing, or investing, this is a rare opportunity to own an affordable, stylish home in one of San Joses most convenient locations with one of the lowest space rents in the area.

16. 2026-05-05
    listed $299,888 Active 1054-char remark

    Show marketing remark (1054 chars)

    Welcome to this charming 2-bedroom, 2-bathroom home offering 800 sq. ft. of bright, modern living in the heart of Silicon Valley. This home blends style, comfort, and value. Perfect for today's buyer. Step inside to enjoy fresh interior paint, double-pane windows, new SPC luxury flooring, new quartz kitchen countertops, new European-style cabinetry, stainless steel appliances, updated bathrooms, and new lighting throughout. Relax or entertain in the cozy private backyard, complete with a storage shed. A rare bonus, parking for 3 or more vehicles! Located in Golden Wheel, an all-age community featuring great amenities such as a clubhouse with kitchen and a swimming pool. An unbeatable location near major freeways (101, 880, 680), Great Mall, Costco, Sprouts, H-Mart, 99 Ranch Market, and a variety of shopping and dining options. Whether youre a first-time buyer, downsizing, or investing, this is a rare opportunity to own an affordable, stylish home in one of San Joses most convenient locations with one of the lowest space rents in the area.

17. 2025-10-16
    soldstatus $265,000 Closed
18. 2025-10-15
    historical
19. 2025-10-15
    listed $265,000
20. 2025-08-23
    historical
21. 2025-07-25
    status Pending
22. 2025-07-16
    listed Active
23. 2015-08-20
    soldstatus $105,000 Sold
24. 2015-06-27
    status Pending (Do Not Show)
25. 2015-06-03
    listed $69,000 Active

ⓘ 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 9/10 Extreme FEMA zone AO · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥93°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 14 unhealthy d/yr today · 16 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,772
• − Mortgage interest: −$16,798
• − Property taxes: −$4,498
• − Insurance: −$2,967
• − Repairs & maintenance: −$3,262
• − Management: −$3,262
• − Depreciation: −$8,724
• Taxable income: $1,261
• Est. tax owed @ 24.0%: −$303
• After-tax cash flow: $5,570/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: Orchard Elementary
• NCES district ID: 0628680
• Math proficiency: 51% ▲ 1.00%
• Reading proficiency: 60% ▲ 5.00%
• Median HH income: $108,165
• Composite: 54.67/100
• National rank: #2853
• State rank: #225 of 1400 in CA

Livability — San Jose

• Score: 78/100
• State rank: #68
• US rank: #2559

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Jose, CA
• County: Santa Clara County · 1,806,974 people
• City population: 954,479
• Metro: San Jose-Sunnyvale-Santa Clara, CA
• Population (ZIP): 57,373
• Household income: $89,103
• Rent vs Own: 73.6% rent · 26.4% own
• Severe rent burden: 4364.0

Population outlook (Santa Clara County) Hauer SSP2

• Today (2025): 2,179,074 people
• By 2030: 2,301,297 · +5.6%
• By 2040: 2,528,195 · +16.0%
• By 2050: 2,712,135 · +24.5%
• By 2075: 2,998,701 · +37.6%
• By 2100: 2,931,429 · +34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Hispanic / Latino 41% Asian 27% White 22% Two or more races 18% Black 5% Native American 2%
• Hispanic origin (detail): Mexican 33%
• Common ancestry: Slovak 1% Lithuanian 1% Scotch-Irish 1%
• Foreign-born: 34% · Canada, Vietnam, China
• Languages at home: 48% English-only · Spanish 29% Vietnamese 9% Chinese 6%

Political lean MEDSL · Santa Clara

• 2024 margin: Solid D (+40.0) · D 68.1% · R 28.1% · Other 3.8%
• 2008→2024 swing: -0.9pp no change · 2008: 40.9pp · 2024: 40.0pp
• All cycles: 2024: D+40.0 2020: D+47.4 2016: D+52.5 2012: D+42.1 2008: D+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1025.61%
• Current HPI: 297.1788
• Rent YoY: ▲ 4.25%
• Metro: San Jose-Sunnyvale-Santa Clara, 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

+334.6% since first listed

11 events — show timeline

• 2026-05-05 Listed $299,888 MLSListings
• 2026-05-05 Listed $299,888 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-10-16 Sold (MLS) $265,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-10-15 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-10-15 Listed $265,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-08-23 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-07-25 Pending — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2025-07-16 Listed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2015-08-20 Sold (MLS) $105,000 MLSListings
• 2015-06-27 Pending — MLSListings
• 2015-06-03 Listed $69,000 MLSListings