35127 Condor Rd · Yermo, CA 92365

$155,000

2 bd · 1.0 ba · 850 sqft · Manufactured · 463 Days on market

Built 1975 2.14 ac lot ↓ 11% 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 +21.1/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• Appreciation +5.0/10.0
• 1% rule +4.2/10.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This property is a Mechanic's dream. It has a HUGE machine shop/mechanics shop with 220 three phase power, 3 roll up high clearance garage doors, 4 overhead chain fall electric hoists in area with high ceilings & room to park at least 3 cars. The whole shop has been plumbed for air tools. Nice neighborhood, centrally located in Newberry Springs but more towards the west side so closer to Barstow than some of the properties. A 45 foot storage container will stay with the property but Seller will be taking the 14 foot container. The lot is fully fenced and is on the NE Corner of & Coventry. There is an older single wide 2 bdrm 1 bath mobile home on the property, it's not on a permanent foundation and is considered "personal property". Seller doesn't have title to the mobile home. It needs a lot of work but has a new service panel in the bedroom. A new well, 320' deep with 5' casing was installed in December 2021 but never used. Water level was at approximately 175'. Pump, pressure tank, drop pipe & wire still need to be installed. There is also an old well on the property but probably not salvageable. Large pressure tank is for the old well & is in the tall shed to the left of the driveway. This property is being sold in existing condition. There are security cameras & a caretaker, drive by only or make appointment to show. DIRECTIONS: From Barstow take 1-15 to East to Minneola Rd exit. Turn right, go 2.5 miles to Valley Center Rd, turn left. Go 2 miles to Condor Rd, turn left. Go 6 blocks to just past Coventry Street, the property is fenced & will be on your right. Located on the NE corner of Condor & Coventry. Enter from Condor Rd.

Key facts

• New well
• Fully fenced
• Pressure tank

Tags

• THREE PHASE POWER
• HIGH CLEARANCE GARAGE DOORS
• PLUMBED FOR AIR TOOLS
• FULLY FENCED
• NEW WELL
• PRESSURE TANK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $155k.

Deal economics

• At list price, monthly cash flow is $222 ($3k/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 $143k (7.7% below list).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Silver Valley Unified (town): math 23% / reading 39% proficiency, ranked #323 of 517 in CA (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 209 active listings in the ZIP; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $5k appreciation (3.0% local appreciation)).
• San Bernardino County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 463 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y 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: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 463 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 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 0.92% ✗
• Cap rate: 8.01%
• Cash-on-cash: 6.13%
• DSCR: 1.27
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.2%
• Equity multiple: 1.75×
• Total profit: $32,716
• Equity at exit: $69,695

10-year hold

• IRR: 15.1%
• Equity multiple: 3.23×
• Total profit: $96,590
• Equity at exit: $107,408

Cash invested: $43,400 (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 92365

• Active inventory: 209
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,431 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$31 /mo · $374/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $222

Break-even live

Break-even rent $1,150

Max offer price $155,000

Occupancy floor 80%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $155,000 Active 463 DOM
2. 2026-06-17
   days on market $155,000 Active 462 DOM
3. 2026-06-16
   days on market $155,000 Active 461 DOM
4. 2026-06-15
   days on market $155,000 Active 460 DOM
5. 2026-06-13
   days on market $155,000 Active 458 DOM
6. 2026-06-13
   days on market $155,000 Active 457 DOM
7. 2026-06-09
   days on market $155,000 Active 454 DOM
8. 2026-06-08
   days on market $155,000 Active 453 DOM
9. 2026-06-07
   days on market $155,000 Active 452 DOM
10. 2026-06-04
    days on market $155,000 Active 449 DOM
11. 2026-06-03
    days on market $155,000 Active 448 DOM
12. 2026-06-02
    days on market $155,000 Active 447 DOM
13. 2026-06-01
    days on market $155,000 Active 446 DOM
14. 2026-05-31
    days on market $155,000 Active 445 DOM
15. 2026-04-02
    status Active 1711-char remark

    Show marketing remark (1711 chars)

    This property is a Mechanic's dream. It has a HUGE machine shop/mechanics shop with 220 three phase power, 3 roll up high clearance garage doors, 4 overhead chain fall electric hoists in area with high ceilings & room to park at least 3 cars. The whole shop has been plumbed for air tools. Nice neighborhood, centrally located in Newberry Springs but more towards the west side so closer to Barstow than some of the properties. A 45 foot storage container will stay with the property but Seller will be taking the 14 foot container. The lot is fully fenced and is on the NE Corner of & Coventry. There is an older single wide 2 bdrm 1 bath mobile home on the property, it's not on a permanent foundation and is considered "personal property". Seller doesn't have title to the mobile home. It needs a lot of work but has a new service panel in the bedroom. A new well, 320' deep with 5' casing was installed in December 2021 but never used. Water level was at approximately 175'. Pump, pressure tank, drop pipe & wire still need to be installed. There is also an old well on the property but probably not salvageable. Large pressure tank is for the old well & is in the tall shed to the left of the driveway. This property is being sold in existing condition. There are security cameras & a caretaker, drive by only or make appointment to show. DIRECTIONS: From Barstow take 1-15 to East to Minneola Rd exit. Turn right, go 2.5 miles to Valley Center Rd, turn left. Go 2 miles to Condor Rd, turn left. Go 6 blocks to just past Coventry Street, the property is fenced & will be on your right. Located on the NE corner of Condor & Coventry. Enter from Condor Rd.

16. 2026-03-31
    historical 1711-char remark

    Show marketing remark (1711 chars)

    This property is a Mechanic's dream. It has a HUGE machine shop/mechanics shop with 220 three phase power, 3 roll up high clearance garage doors, 4 overhead chain fall electric hoists in area with high ceilings & room to park at least 3 cars. The whole shop has been plumbed for air tools. Nice neighborhood, centrally located in Newberry Springs but more towards the west side so closer to Barstow than some of the properties. A 45 foot storage container will stay with the property but Seller will be taking the 14 foot container. The lot is fully fenced and is on the NE Corner of & Coventry. There is an older single wide 2 bdrm 1 bath mobile home on the property, it's not on a permanent foundation and is considered "personal property". Seller doesn't have title to the mobile home. It needs a lot of work but has a new service panel in the bedroom. A new well, 320' deep with 5' casing was installed in December 2021 but never used. Water level was at approximately 175'. Pump, pressure tank, drop pipe & wire still need to be installed. There is also an old well on the property but probably not salvageable. Large pressure tank is for the old well & is in the tall shed to the left of the driveway. This property is being sold in existing condition. There are security cameras & a caretaker, drive by only or make appointment to show. DIRECTIONS: From Barstow take 1-15 to East to Minneola Rd exit. Turn right, go 2.5 miles to Valley Center Rd, turn left. Go 2 miles to Condor Rd, turn left. Go 6 blocks to just past Coventry Street, the property is fenced & will be on your right. Located on the NE corner of Condor & Coventry. Enter from Condor Rd.

17. 2025-08-04
    status Active 1711-char remark

    Show marketing remark (1711 chars)

    This property is a Mechanic's dream. It has a HUGE machine shop/mechanics shop with 220 three phase power, 3 roll up high clearance garage doors, 4 overhead chain fall electric hoists in area with high ceilings & room to park at least 3 cars. The whole shop has been plumbed for air tools. Nice neighborhood, centrally located in Newberry Springs but more towards the west side so closer to Barstow than some of the properties. A 45 foot storage container will stay with the property but Seller will be taking the 14 foot container. The lot is fully fenced and is on the NE Corner of & Coventry. There is an older single wide 2 bdrm 1 bath mobile home on the property, it's not on a permanent foundation and is considered "personal property". Seller doesn't have title to the mobile home. It needs a lot of work but has a new service panel in the bedroom. A new well, 320' deep with 5' casing was installed in December 2021 but never used. Water level was at approximately 175'. Pump, pressure tank, drop pipe & wire still need to be installed. There is also an old well on the property but probably not salvageable. Large pressure tank is for the old well & is in the tall shed to the left of the driveway. This property is being sold in existing condition. There are security cameras & a caretaker, drive by only or make appointment to show. DIRECTIONS: From Barstow take 1-15 to East to Minneola Rd exit. Turn right, go 2.5 miles to Valley Center Rd, turn left. Go 2 miles to Condor Rd, turn left. Go 6 blocks to just past Coventry Street, the property is fenced & will be on your right. Located on the NE corner of Condor & Coventry. Enter from Condor Rd.

18. 2025-07-31
    historical 1711-char remark

    Show marketing remark (1711 chars)

    This property is a Mechanic's dream. It has a HUGE machine shop/mechanics shop with 220 three phase power, 3 roll up high clearance garage doors, 4 overhead chain fall electric hoists in area with high ceilings & room to park at least 3 cars. The whole shop has been plumbed for air tools. Nice neighborhood, centrally located in Newberry Springs but more towards the west side so closer to Barstow than some of the properties. A 45 foot storage container will stay with the property but Seller will be taking the 14 foot container. The lot is fully fenced and is on the NE Corner of & Coventry. There is an older single wide 2 bdrm 1 bath mobile home on the property, it's not on a permanent foundation and is considered "personal property". Seller doesn't have title to the mobile home. It needs a lot of work but has a new service panel in the bedroom. A new well, 320' deep with 5' casing was installed in December 2021 but never used. Water level was at approximately 175'. Pump, pressure tank, drop pipe & wire still need to be installed. There is also an old well on the property but probably not salvageable. Large pressure tank is for the old well & is in the tall shed to the left of the driveway. This property is being sold in existing condition. There are security cameras & a caretaker, drive by only or make appointment to show. DIRECTIONS: From Barstow take 1-15 to East to Minneola Rd exit. Turn right, go 2.5 miles to Valley Center Rd, turn left. Go 2 miles to Condor Rd, turn left. Go 6 blocks to just past Coventry Street, the property is fenced & will be on your right. Located on the NE corner of Condor & Coventry. Enter from Condor Rd.

19. 2025-03-07
    listed $155,000 Active 1711-char remark

    Show marketing remark (1711 chars)

    This property is a Mechanic's dream. It has a HUGE machine shop/mechanics shop with 220 three phase power, 3 roll up high clearance garage doors, 4 overhead chain fall electric hoists in area with high ceilings & room to park at least 3 cars. The whole shop has been plumbed for air tools. Nice neighborhood, centrally located in Newberry Springs but more towards the west side so closer to Barstow than some of the properties. A 45 foot storage container will stay with the property but Seller will be taking the 14 foot container. The lot is fully fenced and is on the NE Corner of & Coventry. There is an older single wide 2 bdrm 1 bath mobile home on the property, it's not on a permanent foundation and is considered "personal property". Seller doesn't have title to the mobile home. It needs a lot of work but has a new service panel in the bedroom. A new well, 320' deep with 5' casing was installed in December 2021 but never used. Water level was at approximately 175'. Pump, pressure tank, drop pipe & wire still need to be installed. There is also an old well on the property but probably not salvageable. Large pressure tank is for the old well & is in the tall shed to the left of the driveway. This property is being sold in existing condition. There are security cameras & a caretaker, drive by only or make appointment to show. DIRECTIONS: From Barstow take 1-15 to East to Minneola Rd exit. Turn right, go 2.5 miles to Valley Center Rd, turn left. Go 2 miles to Condor Rd, turn left. Go 6 blocks to just past Coventry Street, the property is fenced & will be on your right. Located on the NE corner of Condor & Coventry. Enter from Condor Rd.

20. 2024-12-31
    historical
21. 2024-06-02
    status Active
22. 2024-05-31
    historical
23. 2023-11-28
    listed $175,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $374 · $31/mo
• Projected year-2 tax: $1,178 · $98/mo
• Expected delta: +$804/yr (+$67/mo · 214.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone D · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 12 unhealthy d/yr today · 17 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,170
• − Mortgage interest: −$8,682
• − Property taxes: −$374
• − Insurance: −$775
• − Repairs & maintenance: −$1,374
• − Management: −$1,374
• − Depreciation: −$4,509
• Taxable income: $82
• Est. tax owed @ 24.0%: −$20
• After-tax cash flow: $2,641/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: Silver Valley Unified
• NCES district ID: 0636820
• Math proficiency: 23% ▼ -12.00%
• Reading proficiency: 39% ▼ -12.00%
• Median HH income: $48,754
• Composite: 26.85/100
• National rank: #7105
• State rank: #323 of 517 in CA

Livability — Yermo

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 2,514

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 56% Hispanic / Latino 29% Two or more races 20% Asian 8% Black 2%
• Hispanic origin (detail): Mexican 14% Dominican 7%
• Common ancestry: Romanian 5% Slovak 2% Serbian 2%
• Foreign-born: 16% · Canada, Vietnam
• Languages at home: 85% English-only · Spanish 8% Vietnamese 2% German/W. Germanic 2%

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: —
• Current HPI: —
• 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

-11.4% since first listed

9 events — show timeline

• 2026-04-02 Relisted — CRMLS
• 2026-03-31 Listing Removed — CRMLS
• 2025-08-04 Relisted — CRMLS
• 2025-07-31 Listing Removed — CRMLS
• 2025-03-07 Listed $155,000 CRMLS
• 2024-12-31 Listing Removed — CRMLS
• 2024-06-02 Relisted — CRMLS
• 2024-05-31 Listing Removed — CRMLS
• 2023-11-28 Listed $175,000 CRMLS

Property tax history

+2.1%/yr

Latest (2025): $374 · +1.4% YoY. Source: county tax records.