410 S First St #94 · El Cajon, CA 92019

$149,900

2 bd · 2.0 ba · 800 sqft · Manufactured · 57 Days on market

Built 2024 Good condition Est $120k · 25% over ↓ 48% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.0/10.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• Rent growth +1.8/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Brand new Silvercrest manufactured home on corner lot, in affordable senior living community with a very reasonable monthly fee of $1,100. Home comes with a 7 year factory warranty. Ceilings are 9 foot high flat with tape and textured drywall throughout. Heavy duty vinyl plank flooring except for in the bed rooms and bed room closets. Also comes equipped with wood cabinets and corian counter tops with center island.

Key facts

• 9 foot high ceilings
• Corian counter tops
• Corner lot

Tags

• CORNER LOT
• 7 YEAR FACTORY WARRANTY
• 9 FOOT HIGH CEILINGS
• VINYL PLANK FLOORING
• CORIAN COUNTER TOPS
• CENTER ISLAND

Property features AI

Finance

• HOA & community: Located in a senior community; El Cajon Valley MHP community

Exterior

• Parking: 2 parking spaces
• Utilities: Public water; Public sewer / sewer connected
• Home design: Manufactured home; Single-story
• Construction: Composition / shingle roof
• Exterior features: Community pool

Interior

• Kitchen: Gas oven; Gas range / Gas cooktop; Range; Oven
• Bedrooms: 2 possible bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Natural gas heating
• Interior features: Dishwasher; Disposal; Microwave; Refrigerator; Ice maker; Exhaust fan; Gas water heater
• Laundry & utility: Washer hookup

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 $791 ($9k/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: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.6% vs local median 2.4% in El Cajon — 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 70/100 on livability (#230 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+; Watch: health & safety C-, crime D+, cost of living F.
• Grossmont Union High (suburban): math 31% / reading 60% proficiency, ranked #173 of 517 in CA (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: Rents soft (-2.6%/yr); 137 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 11,759 units permitted in San Diego County in 2024 (7,244 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 Diego County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 2y 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

• Climate carrying-cost: major flood risk; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 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. Crime grade is D 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?
4. 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.
5. 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.
6. 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: 1.54% ✓
• Cap rate: 12.62%
• Cash-on-cash: 22.61%
• DSCR: 2.01
• GRM: 5.4

CMA / ARV

• ARV (on-the-fly): $120,000
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
410 S 1st St #30	0.09mi	2/1.0	784 (-2%)	4mo	$85,000	$108	85
410 S 1st St #126	0.09mi	2/1.0	800 (0%)	15mo	$107,500	$134	80
410 S 1st St Spc 145	0.08mi	2/1.5	742 (-7%)	5mo	$85,575	$115	78
187 Ballard St #15	0.48mi	2/2.0	800 (0%)	1mo	$120,000	$150	76
410 S 1st	0.03mi	2/2.0	880 (+10%)	11mo	$175,000	$199	73
1174 E Main St Spc 92	0.58mi	2/2.0	800 (0%)	10mo	$139,000	$174	64
1174 E Main St #62	0.57mi	2/2.0	691 (-14%)	2mo	$175,000	$253	49
1285 E Washington Ave #94	0.73mi	1/2.0 (-1)	832 (+4%)	9mo	$89,500	$108	47
998 E Main St Spc 68	0.49mi	2/1.0	900 (+12%)	13mo	$175,000	$194	41

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 12.0%
• Equity multiple: 1.46×
• Total profit: $19,338
• Equity at exit: $22,351

10-year hold

• IRR: 18.5%
• Equity multiple: 2.33×
• Total profit: $55,652
• 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 92019

• Rents YoY: -2.6%
• Active inventory: 137
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,312 high
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$486
• Net cashflow: $791

Break-even live

Break-even rent $1,311

Max offer price $149,900

Occupancy floor 61%

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
588 S Anza St El Cajon, CA	1.0–2.0	1.0	767	$2,100	$2.74	1d	6	0.11mi
1041-89 E Lexington Ave El Cajon, CA	1.0–2.0	1.0–2.0	838	$2,425	$2.89	1d	8	0.16mi
1037 E Lexington Ave El Cajon, CA	1.0–3.0	1.0–2.0	855	$2,225	$2.60	1d	5	0.19mi
1065 E Washington Ave El Cajon, CA	3.0	2.0	1100	$2,850	$2.59	1d	1	0.20mi
1065 E Washington Ave Apt N El Cajon, CA	3.0	2.0	1100	$2,850	$2.59	17d	1	0.20mi
1018 E Lexington Ave El Cajon, CA	1.0	1.0	670	$1,800	$2.69	1d	1	0.21mi
975 E Washington Ave Apt E El Cajon, CA	2.0	1.0	900	$2,100	$2.33	22d	1	0.22mi
265 S Anza St El Cajon, CA	2.0	1.0	775	$2,250	$2.90	2d	1	0.22mi
421 S Mollison Ave El Cajon, CA	1.0–2.0	1.0	726	$1,900	$2.62	1d	2	0.23mi
957 E Washington Ave El Cajon, CA	2.0	2.0	900	$2,295	$2.55	1d	1	0.24mi
602 S Mollison Ave Unit C El Cajon, CA	2.0	2.0	1024	$2,600	$2.54	1d	1	0.25mi
390 S Mollison Ave El Cajon, CA	1.0	1.0	750	$1,725	$2.30	1d	1	0.29mi
1137 E Lexington Ave El Cajon, CA	2.0	1.0	900	$1,995	$2.22	1d	1	0.29mi
279 S Mollison Ave El Cajon, CA	1.0	1.0	570	$1,950	$3.42	1d	1	0.30mi
725 Washington Heights Rd El Cajon, CA	2.0	1.0	800	$2,238	$2.80	1d	4	0.35mi
447 S Lincoln Ave El Cajon, CA	2.0	1.5	928	$2,300	$2.48	1d	1	0.35mi
800 E Lexington Ave El Cajon, CA	2.0–3.0	2.0	1040	$2,390	$2.30	1d	5	0.36mi
200 S Mollison Ave El Cajon, CA	2.0	1.0	950	$1,995	$2.10	1d	1	0.36mi
758 S Mollison Ave El Cajon, CA	2.0	1.0	875	$1,945	$2.22	1d	3	0.37mi
351 S Lincoln Ave El Cajon, CA	2.0	2.0	900	$2,395	$2.66	1d	1	0.39mi
685 S Lincoln Ave El Cajon, CA	2.0	2.0	800	$2,300	$2.88	1d	1	0.41mi
444 S Lincoln Ave El Cajon, CA	2.0	1.0	748	$2,000	$2.67	24d	1	0.41mi
570 S Lincoln Ave El Cajon, CA	1.0–2.0	1.0	745	$2,475	$3.32	3d	2	0.43mi
180 N 1st St El Cajon, CA	1.0–2.0	1.0–2.0	830	$2,125	$2.56	1d	3	0.44mi
187 Ballard St El Cajon, CA	1.0–2.0	1.0–2.0	542	$2,150	$3.97	1d	2	0.47mi
620 E Lexington Ave #3 El Cajon, CA	2.0	2.0	1000	$2,900	$2.90	2d	1	0.50mi
233 N Mollison Ave El Cajon, CA	1.0–2.0	1.0–2.0	843	$2,202	$2.61	1d	10	0.50mi
277 N 1st St El Cajon, CA	2.0	2.0	825	$2,130	$2.58	1d	1	0.54mi
304 N 1st St El Cajon, CA	2.0	1.0	769	$2,300	$2.99	1d	1	0.55mi
244 N Mollison Ave El Cajon, CA	2.0	1.0	858	$2,110	$2.46	1d	2	0.55mi
340 N 1st St El Cajon, CA	2.0	1.0	751	$1,980	$2.64	1d	3	0.57mi
595 S 2nd St El Cajon, CA	2.0	1.0	800	$2,290	$2.86	1d	1	0.58mi
280 N Mollison Ave El Cajon, CA	1.0–2.0	1.0	825	$2,195	$2.66	1d	1	0.59mi
360 N 1st St El Cajon, CA	2.0	2.0	725	$1,995	$2.75	16d	1	0.60mi
200 Taft Ave El Cajon, CA	2.0	2.0	700	$2,175	$3.11	1d	6	0.63mi
148 Taft Ave Unit 7 El Cajon, CA	2.0	1.0	875	$1,895	$2.17	1d	1	0.64mi
960 E Chase Ave Unit C El Cajon, CA	2.0	2.0	813	$2,100	$2.58	1d	1	0.65mi
870 E Chase Ave Unit D El Cajon, CA	2.0	1.0	795	$2,440	$3.07	1d	1	0.68mi
432 Dominguez Way Unit 13 El Cajon, CA	2.0	1.5	952	$2,195	$2.31	20d	1	0.68mi
280 Roanoke Rd El Cajon, CA	2.0	2.0	1024	$2,395	$2.34	1d	1	0.70mi

Listing history 41 events

1. 2026-06-18
   days on market $149,900 Active 57 DOM
2. 2026-06-17
   days on market $149,900 Active 56 DOM
3. 2026-06-16
   days on market $149,900 Active 55 DOM
4. 2026-06-15
   days on market $149,900 Active 54 DOM
5. 2026-06-13
   days on market $149,900 Active 52 DOM
6. 2026-06-13
   days on market $149,900 Active 51 DOM
7. 2026-06-09
   days on market $149,900 Active 48 DOM
8. 2026-06-08
   days on market $149,900 Active 47 DOM
9. 2026-06-07
   days on market $149,900 Active 46 DOM
10. 2026-06-04
    days on market $149,900 Active 43 DOM
11. 2026-06-03
    days on market $149,900 Active 42 DOM
12. 2026-06-02
    days on market $149,900 Active 41 DOM
13. 2026-06-01
    days on market $149,900 Active 40 DOM
14. 2026-05-31
    pricedays on market $149,900 Active 39 DOM
15. 2026-04-22
    listed $154,900 Active
16. 2026-04-17
    historical
17. 2026-04-07
    price $159,900
18. 2026-03-01
    price $169,900
19. 2026-01-16
    listed $175,000 Active
20. 2026-01-12
    historical
21. 2025-11-08
    price $175,900
22. 2025-10-11
    listed $175,000 Active
23. 2025-09-09
    historical
24. 2025-08-12
    price $175,000
25. 2025-07-08
    listed $199,000 Active
26. 2025-07-04
    historical
27. 2025-06-29
    price $175,000
28. 2025-05-03
    listed $195,000 Active
29. 2025-05-03
    historical
30. 2025-04-28
    status Active
31. 2025-04-25
    historical
32. 2025-04-16
    price $195,000
33. 2025-04-04
    price $199,000
34. 2025-03-20
    price $215,000
35. 2025-02-24
    listed $225,000 Active
36. 2025-02-20
    historical
37. 2025-01-30
    price $249,000
38. 2024-11-18
    price $269,000
39. 2024-11-08
    price $289,000
40. 2024-09-16
    listed $299,000 Active
41. 2024-09-16
    historical

ⓘ 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 6/10 Major FEMA zone X (shaded) · 69% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 6 d/yr ≥99°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,749
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$2,220
• − Management: −$2,220
• − Depreciation: −$4,361
• Taxable income: $7,553
• Est. tax owed @ 24.0%: −$1,813
• After-tax cash flow: $7,678/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 None rehab

This brand new Silvercrest manufactured home is in excellent condition with modern finishes and a well-maintained exterior. It offers a good return on investment with minimal maintenance required.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Landscaping improvements — A well-maintained yard can increase both resale and rental value.
• Both Adding smart home features — Smart home features can increase both resale and rental value by making the home more modern and convenient.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — A well-maintained yard can increase both resale and rental value. ↑
• Both Adding smart home features — Smart home features can increase both resale and rental value by making the home more modern and convenient. ↑

ⓘ 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: Grossmont Union High
• NCES district ID: 0616230
• Math proficiency: 31% ▼ -1.00%
• Reading proficiency: 60% ▲ 5.00%
• Median HH income: $61,801
• Composite: 40.07/100
• National rank: #3810
• State rank: #173 of 517 in CA

Livability — El Cajon

• Score: 70/100
• State rank: #230
• US rank: #7531

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: El Cajon, CA
• County: San Diego County · 3,178,799 people
• City population: 173,694
• Metro: San Diego-Chula Vista-Carlsbad, CA
• Population (ZIP): 45,351
• Household income: $101,973
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 1897.0

Population outlook (San Diego County) Hauer SSP2

• Today (2025): 3,678,185 people
• By 2030: 3,856,546 · +4.8%
• By 2040: 4,171,407 · +13.4%
• By 2050: 4,421,607 · +20.2%
• By 2075: 4,831,599 · +31.4%
• By 2100: 4,832,502 · +31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 21% Two or more races 15% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Arab 6% Romanian 2% Lithuanian 2%
• Foreign-born: 22% · Canada, China
• Languages at home: 69% English-only · Spanish 11% Arabic 10% Other Indo-European 1%

Political lean MEDSL · San Diego

• 2024 margin: D (+16.8) · D 56.9% · R 40.1% · Other 2.9%
• 2008→2024 swing: +6.6pp toward D · 2008: 10.2pp · 2024: 16.8pp
• All cycles: 2024: D+16.8 2020: D+22.8 2016: D+17.8 2012: D+5.1 2008: D+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -553.81%
• Current HPI: 349.3085
• Rent YoY: ▼ -2.61%
• Metro: San Diego-Chula Vista-Carlsbad, 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

-48.2% since first listed

27 events — show timeline

• 2026-04-22 Listed $154,900 SDMLS
• 2026-04-17 Listing Removed — SDMLS
• 2026-04-07 Price Changed $159,900 SDMLS
• 2026-03-01 Price Changed $169,900 SDMLS
• 2026-01-16 Listed $175,000 SDMLS
• 2026-01-12 Listing Removed — SDMLS
• 2025-11-08 Price Changed $175,900 SDMLS
• 2025-10-11 Listed $175,000 SDMLS
• 2025-09-09 Listing Removed — SDMLS
• 2025-08-12 Price Changed $175,000 SDMLS
• 2025-07-08 Listed $199,000 SDMLS
• 2025-07-04 Listing Removed — SDMLS
• 2025-06-29 Price Changed $175,000 SDMLS
• 2025-05-03 Listing Removed — SDMLS
• 2025-05-03 Listed $195,000 SDMLS
• 2025-04-28 Relisted — SDMLS
• 2025-04-25 Listing Removed — SDMLS
• 2025-04-16 Price Changed $195,000 SDMLS
• 2025-04-04 Price Changed $199,000 SDMLS
• 2025-03-20 Price Changed $215,000 SDMLS
• 2025-02-24 Listed $225,000 SDMLS
• 2025-02-20 Listing Removed — CRMLS
• 2025-01-30 Price Changed $249,000 CRMLS
• 2024-11-18 Price Changed $269,000 CRMLS
• 2024-11-08 Price Changed $289,000 CRMLS
• 2024-09-16 Listed $299,000 CRMLS
• 2024-09-16 Coming Soon — CRMLS