4271 N 1st St Spc 42 · San Jose, CA 95134

$340,000

2 bd · 2.0 ba · 1,760 sqft · Manufactured · 12 Days on market

Built 1980 Est $391k · 13% under

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Why this score? — see what drove the A- 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
• ARV discount +13.3/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Schools +5.3/10.0
• Rent growth +4.0/5.0
• Appreciation +3.9/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Spacious triple-wide in a gated, family community. Combination living and dining room. Dining room includes a built-in hutch. Bright kitchen with breakfast counter and lots of counter/storage space, includes all appliances. Family room has a built-in desk and bookshelves. Master bath includes dual sinks and a garden tub. Inside laundry room, includes washer/dryer. Central Heating and A/C. Large deck in back yard perfect for entertaining. 1980 Golden West S/N GW4243A/B/C

Key facts

• Garage
• Community pool
• Built 1980

Property features AI

Finance

• HOA & community: Pets allowed (cats and dogs, size limits apply); Community clubhouse; Community pool; Gated community

Exterior

• Parking: Carport; Covered parking (1 space); 1 garage space
• Security: Security gate; Gated community
• Utilities: Public water; Public sewer; Cable connected
• Home design: Manufactured in park (mobile home); Triple wide
• Construction: Metal skirting
• Exterior features: Fenced; Front yard; Security gate; Community pool; Clubhouse; Gated community

Interior

• Kitchen: Dishwasher; Built-in oven; Garbage disposal; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Vinyl; Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: No additional rooms; Back yard
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $340k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $340k).
• Cap rate 11.8% 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.
• Santa Clara Unified (urban): math 49% / reading 66% proficiency, ranked #75 of 517 in CA (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+5.9%/yr); 19 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 3,838 units permitted in Santa Clara County in 2024 (1,886 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.1%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.
• At projected returns (-2.1% appreciation + 5.9% rent growth), your $95k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $205k; list at $340k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); extreme-heat days projected 8→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $340,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.45% ✓
• Cap rate: 11.77%
• Cash-on-cash: 19.58%
• DSCR: 1.87
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $390,720
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4271 N First St #10	0.00mi	3/2.0 (+1)	1,800 (+2%)	11mo	$340,000	$189	82
4271 N First St #153	0.00mi	3/2.0 (+1)	1,688 (-4%)	24mo	$375,000	$222	68
424 Shorewood Ln #424	0.27mi	3/2.0 (+1)	1,620 (-8%)	2mo	$352,000	$217	68
4271 N 1st St #105	0.17mi	2/2.0	1,510 (-14%)	8mo	$404,000	$268	62
4271 N First St #131	0.39mi	2/2.0	1,527 (-13%)	15mo	$390,000	$255	47
503 Summerland Dr	0.14mi	3/2.0 (+1)	1,500 (-15%)	22mo	$275,000	$183	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-2.15% appreciation · 5.94% rent growth · sell at horizon

5-year hold

• IRR: 10.7%
• Equity multiple: 1.46×
• Total profit: $44,230
• Equity at exit: $63,672

10-year hold

• IRR: 21.0%
• Equity multiple: 3.19×
• Total profit: $208,632
• Equity at exit: $52,179

Cash invested: $95,200 (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 95134

• Home prices YoY: -0.8%
• Rents YoY: 5.9%
• Active inventory: 19
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $4,940 high
• Mortgage (P&I): −$1,783
• Tax est. 1.5%: −$425 /mo · $5,100/yr
• Insurance: −$142
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,037
• Net cashflow: $1,126

Break-even live

Break-even rent $3,514

Max offer price $340,000

Occupancy floor 72%

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: $85,000
• Closing costs: $10,200
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1 Vista Montana San Jose, CA	1.0–3.0	1.0–2.0	1184	$4,288	$3.62	1d	7	0.35mi
99 Vista Montana San Jose, CA	1.0–3.0	1.0–3.0	1085	$4,029	$3.71	1d	20	0.44mi
2333 Calle del Mundo Santa Clara, CA	1.0–3.0	1.0–2.0	991	$4,909	$4.95	1d	15	0.70mi
5150 Calle del Sol Santa Clara, CA	3.0	1.0–3.0	1357	$10,128	$7.46	2d	89	0.74mi
4516 Carlyle Ct #582 Santa Clara, CA	3.0	2.0	1345	$6,060	$4.51	14d	1	1.18mi
3700 Casa Verde St San Jose, CA	1.0–3.0	1.0–2.0	989	$4,048	$4.09	1d	18	1.22mi
1650 Hope Dr Santa Clara, CA	1.0–3.0	1.0–2.0	1017	$4,000	$3.93	1d	10	1.31mi
4424 Headen Way Santa Clara, CA	3.0	2.5	1716	$5,400	$3.15	23d	1	1.37mi
1933 Silva Pl Santa Clara, CA	3.0	2.5	1726	$4,695	$2.72	12d	1	1.43mi
3500 Palmilla Dr San Jose, CA	3.0	1.0–2.0	1077	$5,668	$5.26	1d	72	1.43mi

Listing history 10 events

1. 2026-06-18
   days on market $340,000 Coming Soon 12 DOM
2. 2026-06-17
   days on market $340,000 Coming Soon 11 DOM
3. 2026-06-16
   days on market $340,000 Coming Soon 10 DOM
4. 2026-06-15
   days on market $340,000 Coming Soon 9 DOM
5. 2026-06-13
   days on market $340,000 Coming Soon 7 DOM
6. 2026-06-13
   days on market $340,000 Coming Soon 6 DOM
7. 2026-06-09
   days on market $340,000 Coming Soon 3 DOM
8. 2026-06-08
   days on market $340,000 Coming Soon 2 DOM
9. 2026-06-07
   remarks 690-char remark
10. 2026-06-07
    listed $340,000 Coming Soon 1 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 6/10 Major FEMA zone AE · 53% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 8 d/yr ≥91°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 13 unhealthy d/yr today · 13 by 30 yrs out

Taxation est. · year 1

• Rental income: $59,281
• − Mortgage interest: −$19,045
• − Property taxes: −$5,100
• − Insurance: −$6,818
• − Repairs & maintenance: −$4,743
• − Management: −$4,743
• − Depreciation: −$9,891
• Taxable income: $8,942
• Est. tax owed @ 24.0%: −$2,146
• After-tax cash flow: $11,372/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: Santa Clara Unified
• NCES district ID: 0635430
• Math proficiency: 49% ▼ -3.00%
• Reading proficiency: 66% ▲ 4.00%
• Median HH income: $97,320
• Composite: 53.46/100
• National rank: #1459
• State rank: #75 of 517 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): 30,471
• Household income: $203,649
• Rent vs Own: 86.2% rent · 13.8% own
• Severe rent burden: 921.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Asian 63% White 17% Hispanic / Latino 13% Two or more races 5% Black 3%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Lithuanian 1% Italian 1% Subsaharan African 1%
• Foreign-born: 65% · China, Canada, South Korea
• Languages at home: 28% English-only · Other Indo-European 28% Other Asian/Pacific 14% Chinese 11%

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: ▼ -2.15%
• Current HPI: 276.0008
• Rent YoY: ▲ 5.94%
• 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

+61.9% since first listed

4 events — show timeline

• 2026-06-07 Coming Soon $340,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2017-11-28 Sold (MLS) $205,000 MLSListings
• 2017-10-26 Pending — MLSListings
• 2017-10-20 Listed $210,000 MLSListings

Property tax history

-9.5%/yr

Latest (2011): $497 · -10.3% YoY. Source: county tax records.