6217 Calgary Ave · Carmichael, CA 95841

$59,900

1 bd · 1.0 ba · 540 sqft · Manufactured · 230 Days on market

Built 1960 $111/sqft · 43% above area Est $42k · 43% over

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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
• Livability +3.2/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Experience 55+ living at its finest! Step inside this beautifully remodeled home featuring rich wood-paneled walls and elegant curved, up-lit ceilings bringing to mind the refined luxury of a private yacht. Every detail has been thoughtfully updated, featuring luxury vinyl plank flooring, granite countertops, new carpet in the living room and bedroom, a newer gas range, a brand-new HVAC system, and fresh exterior paint. Enjoy a completely updated bathroom with a modern vanity and walk-in shower with built-in seat. The spacious front living room boasts dual bay windows on each side, creating a light and open feel, while solid wood cabinetry offers an abundance of storage throughout. The spac

Key facts

• Newer gas range
• Granite countertops
• Wood paneled walls

Tags

• REMODELED HOME
• WOOD PANELED WALLS
• CURVED UP LIT CEILINGS
• LUXURY VINYL PLANK FLOORING
• GRANITE COUNTERTOPS
• NEWER GAS RANGE

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $60k.

Deal economics

• At list price, monthly cash flow is $701 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.7% vs local median 2.6% in Carmichael — 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 (#471 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A-, housing B+, employment B; Watch: schools C-, crime F, commute F.
• Twin Rivers Unified (suburban): math 29% / reading 37% proficiency, ranked #970 of 1,400 in CA (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.1%/yr); 83 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 6,825 units permitted in Sacramento County in 2024 (1,752 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $414 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Sacramento County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 230 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; extreme-heat days projected 6→13/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $52,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 230 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 2.50% ✓
• Cap rate: 21.68%
• Cash-on-cash: 54.94%
• DSCR: 3.44
• GRM: 3.3

CMA / ARV

• ARV (median comp): $41,759
• List price: $59,900
• Delta: 43.44%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5935 Auburn Blvd #36	0.27mi	1/1.0	520 (-4%)	8mo	$30,000	$58	75
5935 Auburn Blvd #4	0.30mi	2/1.0 (+1)	500 (-7%)	5mo	$32,500	$65	65
5935 Auburn Blvd #141	0.36mi	1/1.0	500 (-7%)	22mo	$52,000	$104	53

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: 44.3%
• Equity multiple: 2.83×
• Total profit: $30,649
• Equity at exit: $8,931

10-year hold

• IRR: 48.8%
• Equity multiple: 5.03×
• Total profit: $67,530
• Equity at exit: $5,179

Cash invested: $16,772 (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 95841

• Rents YoY: -1.1%
• Active inventory: 83
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $1,496 high
• Mortgage (P&I): −$314
• Tax est. 1.5%: −$75 /mo · $898/yr
• Insurance: −$25
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $701

Break-even live

Break-even rent $608

Max offer price $59,900

Occupancy floor 48%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5979 Devecchi Ave Citrus Heights, CA	1.0–2.0	1.0–2.0	775	$1,581	$2.04	1d	15	0.23mi
6430 Verner Ave Sacramento, CA	1.0–2.0	1.0–2.0	705	$1,415	$2.01	23d	1	0.25mi
6011 Shadow Ln Citrus Heights, CA	1.0–2.0	1.0–2.0	779	$1,714	$2.20	1d	15	0.46mi
5501 Keoncrest Cir Unit 1 Sacramento, CA	2.0	1.0	750	$1,300	$1.73	1d	1	0.67mi
6546 Auburn Blvd Citrus Heights, CA	2.0	1.0	624	$1,624	$2.60	3d	10	1.11mi
5425 Garfield Ave Sacramento, CA	1.0–2.0	1.0–2.0	787	$1,299	$1.65	20d	5	1.15mi
5500 Foothill Garden Ct Sacramento, CA	1.0	1.0	750	$1,472	$1.96	1d	2	1.18mi
5322 Hemlock St Sacramento, CA	1.0–2.0	1.0	800	$1,375	$1.72	1d	2	1.18mi
5244 Hackberry Ln Sacramento, CA	2.0	1.0	712	$1,712	$2.41	43d	1	1.24mi
5226 Hemlock St #35 Sacramento, CA	1.0	1.0	682	$1,650	$2.42	23d	1	1.34mi
5755 Callie Ln Sacramento, CA	1.0–2.0	1.0–2.0	723	$1,600	$2.21	2d	13	1.39mi
6650 Crosswoods Cir Citrus Heights, CA	1.0	1.0	465	$1,575	$3.39	1d	6	1.40mi
5341 Walnut Ave Sacramento, CA	1.0–2.0	1.0	750	$1,495	$1.99	1d	6	1.43mi

Listing history 13 events

1. 2026-06-18
   days on market $59,900 Active 230 DOM
2. 2026-06-17
   days on market $59,900 Active 229 DOM
3. 2026-06-16
   days on market $59,900 Active 228 DOM
4. 2026-06-15
   days on market $59,900 Active 227 DOM
5. 2026-06-13
   days on market $59,900 Active 225 DOM
6. 2026-06-13
   days on market $59,900 Active 224 DOM
7. 2026-06-09
   days on market $59,900 Active 221 DOM
8. 2026-06-08
   days on market $59,900 Active 220 DOM
9. 2026-06-07
   days on market $59,900 Active 219 DOM
10. 2026-06-03
    days on market $59,900 Active 215 DOM
11. 2026-06-02
    days on market $59,900 Active 214 DOM
12. 2026-06-01
    days on market $59,900 Active 213 DOM
13. 2026-05-31
    days on market $59,900 Active 212 DOM

ⓘ 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 7/10 Severe FEMA zone X (unshaded) · 96% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 6 d/yr ≥102°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 34 unhealthy d/yr today · 36 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,952
• − Mortgage interest: −$3,355
• − Property taxes: −$898
• − Insurance: −$1,097
• − Repairs & maintenance: −$1,436
• − Management: −$1,436
• − Depreciation: −$1,743
• Taxable income: $7,987
• Est. tax owed @ 24.0%: −$1,917
• After-tax cash flow: $6,501/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: Twin Rivers Unified
• NCES district ID: 0601332
• Math proficiency: 29% ▲ 2.00%
• Reading proficiency: 37% ▲ 2.00%
• Median HH income: $42,481
• Composite: 30.67/100
• National rank: #11437
• State rank: #970 of 1400 in CA

Livability — Carmichael

• Score: 63/100
• State rank: #471
• US rank: #15996

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carmichael, CA
• County: Sacramento County · 1,539,646 people
• City population: 61,440
• Metro: Sacramento-Roseville-Folsom, CA
• Population (ZIP): 20,500
• Household income: $61,054
• Rent vs Own: 65.3% rent · 34.7% own
• Severe rent burden: 1353.0

Population outlook (Sacramento County) Hauer SSP2

• Today (2025): 1,660,763 people
• By 2030: 1,732,990 · +4.3%
• By 2040: 1,855,755 · +11.7%
• By 2050: 1,941,335 · +16.9%
• By 2075: 2,046,162 · +23.2%
• By 2100: 1,961,444 · +18.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 61% Hispanic / Latino 17% Two or more races 13% Black 9% Asian 6%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Subsaharan African 5% Scotch-Irish 4% Lithuanian 2%
• Foreign-born: 24% · Canada, China, Vietnam
• Languages at home: 70% English-only · Russian/Polish/Slavic 11% Spanish 7% Other Indo-European 5%

Political lean MEDSL · Sacramento

• 2024 margin: D (+19.7) · D 58.1% · R 38.4% · Other 3.5%
• 2008→2024 swing: +0.7pp no change · 2008: 19.0pp · 2024: 19.7pp
• All cycles: 2024: D+19.7 2020: D+25.3 2016: D+23.7 2012: D+16.3 2008: D+19.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -227.82%
• Current HPI: 369.8991
• Rent YoY: ▼ -1.08%
• 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