155 I St · Lincoln, CA 95648

$350,900

3 bd · 1.0 ba · 1,115 sqft · SingleFamily public records · 3 Days on market

Built 1958 6,364 sqft lot $315/sqft · 24% below area Est $462k · 24% under

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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 +18.2/30.0
• ARV discount +15.0/15.0
• DSCR +5.7/10.0
• Schools +4.3/10.0
• 1% rule +3.9/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Lincoln. Pleasant neighborhood very close to Schools/Shopping and Hwy 65 Corridor. Check out this sweet little 3 Bedroom/ 1 Bath home. Freshly painted- most of the house. Brand New HVAC just installed. Laminate flooring. Ceiling Fans. Kitchen has a gas Range/ Dbl Sinks & Fridge included. Laundry Room/Mud Room. Covered Patio in the backyard- great gathering area for family BBQ's. Separate privacy fence in the backyard that does open to the workshop and RV Parking. Property has Alley Access to RV Parking. There is an OLD Workshop in the Alley that has a water connection. That structure is quite old-and has no Value. No garage/ but offers a driveway for parking. Commuter Frien

Key facts

• Double sinks
• Laminate flooring
• New hvac

Tags

• NEW HVAC
• LAMINATE FLOORING
• GAS RANGE
• DOUBLE SINKS
• LAUNDRY ROOM
• COVERED PATIO

Property features AI

Finance

• Other: Property type: Residential — Single Family Residence
• HOA & community: No homeowners association; Not a senior community

Exterior

• Parking: No dedicated garage (converted garage with alley access)
• Utilities: Cable available; Natural gas available; Public sewer; Water from district; No irrigation source
• Home design: Single-family residence in a tract development; One-story home; Built in 1958; Address: 155 I St, Lincoln, CA 95648
• Construction: Composition roof; Year built: 1958; Other structure: shed
• Exterior features: Wood backyard fencing; Manual sprinkler system; Shed on property; Composition roof; No private pool or spa

Interior

• Kitchen: Free-standing gas range; Free-standing refrigerator; Laminate countertop
• Bedrooms: Three bedrooms (all on main level)
• Flooring: Laminate flooring; Linoleum flooring
• Bathrooms: One full bathroom with tub/shower combination and window
• Heating & cooling: Central heating; Wall furnace; Wood stove; Central cooling; Wall-mounted air unit; Ceiling fans
• Interior features: One wood-burning fireplace in the living room; Window coverings throughout; Converted garage included in living space; Hookups only for laundry; Pets allowed
• Laundry & utility: Laundry hookups (220 volts available in laundry)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $351k.

Deal economics

• At list price, monthly cash flow is $315 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $312k (11.0% below list).
• Recommended offer: $312k (11.0% below list) — sets the bar for 1% rule.
• Cap rate 7.4% vs local median 2.9% in Lincoln — 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 67/100 on livability (#318 in CA) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A; Watch: commute F, cost of living F.
• Western Placer Unified (suburban): math 39% / reading 56% proficiency, ranked #148 of 517 in CA (top 29%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.9%/yr); 646 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 3,535 units permitted in Placer County in 2024 (689 in 5+ unit buildings).
• This rent runs 33% of the median local income ($112k/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 $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Placer County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $312,456 (11.0% below list)

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 0.89% ✗
• Cap rate: 7.37%
• Cash-on-cash: 3.85%
• DSCR: 1.17
• GRM: 9.4

CMA / ARV

• ARV (median comp): $462,477
• List price: $350,900
• Delta: -24.13%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
155 I St	0.00mi	3/1.0	1,115 (0%)	1mo	$355,900	$319	100
1071 Hollingsworth Dr	0.18mi	3/2.0	1,080 (-3%)	1mo	$409,000	$379	81
908 Hollingsworth Ct	0.12mi	3/2.0	1,215 (+9%)	4mo	$485,000	$399	72
543 J St	0.36mi	2/1.0 (-1)	1,030 (-8%)	0mo	$420,000	$408	65
366 J St	0.22mi	2/1.0 (-1)	1,002 (-10%)	5mo	$350,000	$349	64
230 R	0.69mi	3/2.0	1,126 (+1%)	3mo	$420,000	$373	60
208 1st St	0.39mi	3/2.0	1,214 (+9%)	4mo	$460,000	$379	60
149 E 5Th St	0.71mi	3/1.0	1,145 (+3%)	4mo	$360,000	$314	59
604 P St	0.72mi	3/2.0	1,104 (-1%)	2mo	$365,000	$331	59
600 P St	0.71mi	3/2.0	1,104 (-1%)	4mo	$510,000	$462	58
631 J St	0.44mi	2/1.0 (-1)	958 (-14%)	1mo	$430,000	$449	50
679 Wagon Wheel Ln	0.69mi	2/2.0 (-1)	1,190 (+7%)	2mo	$499,900	$420	46

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 · 2.92% rent growth · sell at horizon

5-year hold

• IRR: -10.4%
• Equity multiple: 0.62×
• Total profit: $-37,149
• Equity at exit: $52,320

10-year hold

• IRR: -1.2%
• Equity multiple: 0.92×
• Total profit: $-8,006
• Equity at exit: $30,339

Cash invested: $98,252 (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 95648

• Rents YoY: 2.9%
• Active inventory: 646
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $3,125 high
• Mortgage (P&I): −$1,840
• Tax from tax record: −$167 /mo · $2,001/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$656
• Net cashflow: $315

Break-even live

Break-even rent $2,725

Max offer price $350,900

Occupancy floor 85%

Sensitivity live

Price	-10% $514	-5% $415	+0% $315	+5% $216	+10% $117
Rent	-10% $68	-5% $192	+0% $315	+5% $439	+10% $562
Rate	-1.0pp $492	-0.5pp $405	base $315	+0.5pp $224	+1.0pp $132

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: $87,725
• Closing costs: $10,527
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
107 J St Lincoln, CA	3.0	1.5	1485	$3,000	$2.02	44d	1	0.07mi
642 A St Lincoln, CA	3.0	2.0	1392	$2,748	$1.97	24d	1	0.69mi
455 R St Lincoln, CA	3.0	2.0	1148	$2,595	$2.26	8d	1	0.75mi
330 Susan Ct Lincoln, CA	2.0	2.0	994	$2,400	$2.41	24d	1	0.80mi
2060 Sierra View Cir #2 Lincoln, CA	3.0	2.5	1432	$2,850	$1.99	44d	1	0.94mi
268 Phoenix Cir Lincoln, CA	3.0	2.5	1265	$2,550	$2.02	22d	1	1.01mi
506 Navigator Dr Lincoln, CA	3.0	2.5	1265	$2,450	$1.94	24d	1	1.04mi

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $2,001 · $167/mo
• Projected year-2 tax: $2,667 · $222/mo
• Expected delta: +$666/yr (+$56/mo · 33.3%)

ⓘ 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 9/10 Extreme
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 30 unhealthy d/yr today · 31 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,495
• − Mortgage interest: −$19,656
• − Property taxes: −$2,001
• − Insurance: −$1,754
• − Repairs & maintenance: −$3,000
• − Management: −$3,000
• − Depreciation: −$10,208
• Taxable loss: −$2,123
• Est. tax savings @ 24.0%: +$510
• After-tax cash flow: $4,293/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: Western Placer Unified
• NCES district ID: 0642140
• Math proficiency: 39% ▼ -12.00%
• Reading proficiency: 56% ▼ -5.00%
• Median HH income: $73,025
• Composite: 42.84/100
• National rank: #3130
• State rank: #148 of 517 in CA

Livability — Lincoln

• Score: 67/100
• State rank: #318
• US rank: #10646

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincoln, CA
• County: Placer County · 390,510 people
• City population: 57,459
• Metro: Sacramento-Roseville-Folsom, CA
• Population (ZIP): 57,459
• Household income: $112,333
• Rent vs Own: 15.7% rent · 84.3% own
• Severe rent burden: 817.0

Population outlook (Placer County) Hauer SSP2

• Today (2025): 422,709 people
• By 2030: 444,249 · +5.1%
• By 2040: 480,192 · +13.6%
• By 2050: 506,390 · +19.8%
• By 2075: 550,219 · +30.2%
• By 2100: 547,760 · +29.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 18% Two or more races 13% Asian 7% Black 1%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Slovak 3% Portuguese 2% Lithuanian 2%
• Foreign-born: 11% · Canada, China, Vietnam
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 2% Tagalog/Filipino 1%

Political lean MEDSL · Placer

• 2024 margin: Lean R (+8.5) · D 44.3% · R 52.8% · Other 2.9%
• 2008→2024 swing: +2.8pp toward D · 2008: -11.3pp · 2024: -8.5pp
• All cycles: 2024: R+8.5 2020: R+6.7 2016: R+11.3 2012: R+20.1 2008: R+11.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -305.37%
• Current HPI: 270.22
• Rent YoY: ▲ 2.92%
• Metro: Sacramento-Roseville-Folsom, 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

1 event — show timeline

• 2026-06-03 Sold (Public Records) $356,000 Public Records

Property tax history

+12.5%/yr

Latest (2025): $2,001 · +1.0% YoY. Source: county tax records.