9873 Alder Ave #4 · Bloomington, CA 92316

$149,900

2 bd · 2.0 ba · 639 sqft · Manufactured · 115 Days on market

Built 2024 Good condition $235/sqft · 91% above area

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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 +25.5/30.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Condition / age +4.0/5.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautifully crafted 2025 Fleetwood manufactured home. 2 Bedrooms 2 Bathroom. Located in the Miracle Mobile Home Park. Central heating and mini split air conditioning keep the home comfortable year round. Spacious kitchen offering hardwood cabinet doors and face frames, brushed nickel fixtures, and recessed lighting — perfect for everyday living and entertaining. Vinyl flooring, window blinds and LED recessed lighting add a clean, move-in ready touch. Ceiling fans in both bedrooms and living room. Inside laundry area with hook ups for full size washer & dryer plus 2 upper storage cabinets. Space rent is just $950 per month. This homes central location is great for commuters. Also close to schools, shopping and hospitals including Kaiser hospital.

Key facts

• Built 2024
• Listed 115 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $350 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $136k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 3.1% in Bloomington — 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 53/100 on livability (#977 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+, employment B; Watch: commute D, schools F, crime F.
• Colton Joint Unified (suburban): math 16% / reading 38% proficiency, ranked #373 of 517 in CA (top 72%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 44 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 115 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,409 (9.0% below list)

Questions for the listing agent

1. It's been on market 115 days. Have you received any prior offers? Is the seller open to a 9% 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: 1.17% ✓
• Cap rate: 9.09%
• Cash-on-cash: 10.01%
• DSCR: 1.45
• GRM: 7.1

CMA / ARV

• ARV (median comp): $78,521
• List price: $149,900
• Delta: 90.90%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17333 Valley Blvd Unit 140E	0.65mi	2/1.0	720 (+13%)	8mo	$58,000	$81	38

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -1.2%
• Equity multiple: 0.95×
• Total profit: $-1,972
• Equity at exit: $22,351

10-year hold

• IRR: 8.5%
• Equity multiple: 1.65×
• Total profit: $27,095
• Equity at exit: $12,961

Cash invested: $41,972 (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 92316

• Home prices YoY: -34.1%
• Active inventory: 44
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,754 high
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $350

Break-even live

Break-even rent $1,311

Max offer price $149,900

Occupancy floor 75%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17237 Deodar Ave Unit Adu Fontana, CA	1.0	1.0	450	$1,800	$4.00	43d	1	0.70mi
16982 San Bernardino Ave Fontana, CA	1.0	1.0	586	$1,700	$2.90	43d	1	1.00mi
8998 Mango Ave Unit I Fontana, CA	1.0	1.0	692	$1,650	$2.38	21d	1	1.38mi
18355 Courtney Ct Unit 2 Bloomington, CA	1.0	1.0	600	$1,950	$3.25	43d	1	1.40mi
8919 Mango Ave Fontana, CA	1.0	1.0	500	$1,650	$3.30	14d	2	1.41mi

Listing history 16 events

1. 2026-06-18
   days on market $149,900 Active 115 DOM
2. 2026-06-17
   days on market $149,900 Active 114 DOM
3. 2026-06-16
   days on market $149,900 Active 113 DOM
4. 2026-06-15
   days on market $149,900 Active 112 DOM
5. 2026-06-13
   days on market $149,900 Active 110 DOM
6. 2026-06-13
   days on market $149,900 Active 109 DOM
7. 2026-06-09
   days on market $149,900 Active 106 DOM
8. 2026-06-08
   days on market $149,900 Active 105 DOM
9. 2026-06-07
   days on market $149,900 Active 104 DOM
10. 2026-06-04
    days on market $149,900 Active 101 DOM
11. 2026-06-03
    days on market $149,900 Active 100 DOM
12. 2026-06-02
    days on market $149,900 Active 99 DOM
13. 2026-06-01
    days on market $149,900 Active 98 DOM
14. 2026-05-31
    days on market $149,900 Active 97 DOM
15. 2026-02-23
    listed $149,900 Active 789-char remark

    Show marketing remark (789 chars)

    Welcome home to this beautifully crafted 2025 Fleetwood manufactured home. 2 Bedrooms 2 Bathroom. Located in the Miracle Mobile Home Park. Central heating and mini split air conditioning keep the home comfortable year round. Spacious kitchen offering hardwood cabinet doors and face frames, brushed nickel fixtures, and recessed lighting — perfect for everyday living and entertaining. Vinyl flooring, window blinds and LED recessed lighting add a clean, move-in ready touch. Ceiling fans in both bedrooms and living room. Inside laundry area with hook ups for full size washer & dryer plus 2 upper storage cabinets. Space rent is just $950 per month. This homes central location is great for commuters. Also close to schools, shopping and hospitals including Kaiser hospital.

16. 2026-02-22
    historical $149,900 789-char remark

    Show marketing remark (789 chars)

    Welcome home to this beautifully crafted 2025 Fleetwood manufactured home. 2 Bedrooms 2 Bathroom. Located in the Miracle Mobile Home Park. Central heating and mini split air conditioning keep the home comfortable year round. Spacious kitchen offering hardwood cabinet doors and face frames, brushed nickel fixtures, and recessed lighting — perfect for everyday living and entertaining. Vinyl flooring, window blinds and LED recessed lighting add a clean, move-in ready touch. Ceiling fans in both bedrooms and living room. Inside laundry area with hook ups for full size washer & dryer plus 2 upper storage cabinets. Space rent is just $950 per month. This homes central location is great for commuters. Also close to schools, shopping and hospitals including Kaiser hospital.

ⓘ 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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 27 unhealthy d/yr today · 32 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,052
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,684
• − Management: −$1,684
• − Depreciation: −$4,361
• Taxable income: $1,928
• Est. tax owed @ 24.0%: −$463
• After-tax cash flow: $3,737/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 2025 Fleetwood manufactured home is in good condition with a good condition score of 80. It is move-in ready with a cosmetic rehab level and minimal repairs needed. The home has a good resale and rental value with potential for further improvements.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Resale Upgrading the kitchen appliances — Modern appliances can attract more buyers.
• Both Adding a smart home system — Smart home features can increase both resale and rental value by making the home more convenient and energy-efficient.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Resale Upgrading the kitchen appliances — Modern appliances can attract more buyers. ↑
• Both Adding a smart home system — Smart home features can increase both resale and rental value by making the home more convenient and energy-efficient. ↑

ⓘ 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: Colton Joint Unified
• NCES district ID: 0609390
• Math proficiency: 16% ▼ -9.00%
• Reading proficiency: 38% ▼ -1.00%
• Median HH income: $51,178
• Composite: 23.74/100
• National rank: #7820
• State rank: #373 of 517 in CA

Livability — Bloomington

• Score: 53/100
• State rank: #977
• US rank: #24604

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bloomington, CA
• City population: 31,909
• Population (ZIP): 31,909

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: Predominantly Hispanic (82%)
• Race & ethnicity: Hispanic / Latino 82% Two or more races 24% White 12% Black 3% Native American 2%
• Hispanic origin (detail): Mexican 76%
• Common ancestry: Italian 1% Lithuanian 1%
• Foreign-born: 25% · Canada, Jamaica
• Languages at home: 34% English-only · Spanish 64% Arabic 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: ▼ -250.05%
• Current HPI: 483.5611
• Rent YoY: —
• Metro: —
• 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

+0.0% since first listed

2 events — show timeline

• 2026-02-23 Listed $149,900 CRMLS
• 2026-02-22 Coming Soon $149,900 CRMLS