1550 Rimpau #71 · Corona, CA 92881

$159,900

2 bd · 2.0 ba · 1,248 sqft · Manufactured public records · 44 Days on market

Built 1983 $128/sqft · 7% below area Est $172k · 7% under

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Why this score? — see what drove the B+ 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 +10.8/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.1/10.0
• Rent growth +4.1/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the heart of Corona, this home sits within a secure, gated park that offers both comfort and convenience, with excellent schools, nearby shopping, and easy freeway access. The interior features wood-look flooring throughout, fresh paint, a newer AC system, and an updated kitchen designed for modern living. The spacious layout includes two generously sized bedrooms, creating a comfortable and functional living space. Outside, the property offers a three car carport, an oversized shed, and a lot with ample room for gardening or outdoor enjoyment, along with a welcoming screened-in patio perfect for relaxing. Residents also enjoy access to a recently renovated clubhouse that serves as a true community hub. Amenities include a large swimming pool, a covered heated spa, and an expansive multipurpose room with a full kitchen. Additional features include a card room, library, game room with pool and ping pong tables, a fitness center, a large common gathering space, and two electric vehicle charging stations.

Key facts

• Wood look flooring
• Covered heated spa
• Updated kitchen

Tags

• WOOD LOOK FLOORING
• NEWER AC SYSTEM
• UPDATED KITCHEN
• SCREENED IN PATIO
• LARGE SWIMMING POOL
• COVERED HEATED SPA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.7% vs local median 2.9% in Corona — 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 (#461 in CA) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A-; Watch: commute C-, health & safety D, amenities F.
• Corona-Norco Unified (suburban): math 46% / reading 61% proficiency, ranked #312 of 1,400 in CA (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+6.2%/yr); 76 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 9,195 units permitted in Riverside County in 2024 (1,512 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 $5k of value loss. Plan a longer hold.
• Riverside County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $45k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y 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.
• Current owner paid $111k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.76% ✓
• Cap rate: 14.66%
• Cash-on-cash: 29.90%
• DSCR: 2.33
• GRM: 4.7

CMA / ARV

• ARV (median comp): $172,450
• List price: $159,900
• Delta: -7.28%
• Verdict: FAIR
• Comps: 12 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1550 Rimpau #135	0.00mi	2/2.0	1,248 (0%)	7mo	$170,000	$136	94
1550 Rimpau #65	0.00mi	3/2.0 (+1)	1,248 (0%)	1mo	$200,000	$160	94
1550 Rimpau Ave #20	0.00mi	3/2.0 (+1)	1,248 (0%)	2mo	$145,000	$116	94
1550 Rimpau Ave #52	0.00mi	2/2.0	1,344 (+8%)	4mo	$140,000	$104	84
1550 Rimpau Ave #138	0.00mi	3/2.0 (+1)	1,344 (+8%)	1mo	$170,000	$126	81
1550 Rimpau Ave #39	0.00mi	2/2.0	1,344 (+8%)	9mo	$135,000	$100	80
1550 Rimpau #186	0.00mi	2/2.0	1,128 (-10%)	6mo	$190,000	$168	79
1550 Rimpau #37	0.00mi	3/2.0 (+1)	1,344 (+8%)	3mo	$150,000	$112	79
1550 Rimpau Ave #144	0.00mi	2/2.0	1,344 (+8%)	14mo	$175,000	$130	76
1550 Rimpau Ave #10	0.00mi	2/2.0	1,152 (-8%)	22mo	$183,000	$159	68

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 · 6.22% rent growth · sell at horizon

5-year hold

• IRR: 28.1%
• Equity multiple: 2.22×
• Total profit: $54,580
• Equity at exit: $23,842

10-year hold

• IRR: 37.4%
• Equity multiple: 5.03×
• Total profit: $180,399
• Equity at exit: $13,825

Cash invested: $44,772 (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 92881

• Rents YoY: 6.2%
• Active inventory: 76
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,811 high
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$590
• Net cashflow: $1,116

Break-even live

Break-even rent $1,399

Max offer price $159,900

Occupancy floor 55%

Sensitivity live

Price	-10% $1,226	-5% $1,171	+0% $1,116	+5% $1,060	+10% $1,005
Rent	-10% $893	-5% $1,004	+0% $1,116	+5% $1,227	+10% $1,338
Rate	-1.0pp $1,196	-0.5pp $1,156	base $1,116	+0.5pp $1,074	+1.0pp $1,032

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1710 Maxwell Ln Unit A Corona, CA	3.0	2.5	1254	$3,300	$2.63	44d	1	0.29mi
1710 Maxwell Ln Unit A Corona, CA	3.0	2.5	1254	$3,100	$2.47	25d	1	0.29mi
1171 Baywood Dr Corona, CA	1.0–2.0	1.0–2.0	756	$2,671	$3.53	0d	18	0.34mi
876 Tangerine St Corona, CA	2.0	1.0	1054	$2,700	$2.56	25d	1	0.37mi
855 Tangerine St Corona, CA	2.0	1.0	1054	$2,400	$2.28	44d	1	0.40mi
823 Aspen St Corona, CA	3.0	2.0	1342	$3,200	$2.38	44d	1	0.55mi
2050 Napoli Ct #102 Corona, CA	3.0	2.5	1385	$3,200	$2.31	25d	1	0.66mi
2050 Napoli Ct #102 Corona, CA	3.0	2.5	1385	$2,995	$2.16	16d	1	0.66mi
2050 Napoli Ct #102 Corona, CA	3.0	2.5	1385	$2,995	$2.16	17d	1	0.66mi
823 Filbert St Corona, CA	2.0	1.0	759	$3,000	$3.95	44d	1	0.89mi
810 Pine St Corona, CA	3.0	2.0	1000	$2,700	$2.70	23d	1	0.97mi
445 E Francis St Unit 1/2 Corona, CA	1.0	1.0	750	$1,900	$2.53	44d	1	1.02mi
990 Margarita Dr Corona, CA	2.0	2.0	888	$2,185	$2.46	0d	1	1.03mi
929 E Grand Blvd Corona, CA	2.0	1.5	1425	$2,800	$1.96	3d	1	1.09mi
810 Quarry St Corona, CA	1.0	1.0	824	$2,200	$2.67	44d	1	1.22mi
508 S Victoria Ave Apt 21 Corona, CA	2.0	1.5	705	$1,895	$2.69	25d	1	1.47mi

Listing history 21 events

1. 2026-06-21
   days on market $159,900 Active 44 DOM
2. 2026-06-18
   days on market $159,900 Active 41 DOM
3. 2026-06-17
   days on market $159,900 Active 40 DOM
4. 2026-06-16
   days on market $159,900 Active 39 DOM
5. 2026-04-22
   listed $159,900 Active 1028-char remark

   Show marketing remark (1028 chars)

   Located in the heart of Corona, this home sits within a secure, gated park that offers both comfort and convenience, with excellent schools, nearby shopping, and easy freeway access. The interior features wood-look flooring throughout, fresh paint, a newer AC system, and an updated kitchen designed for modern living. The spacious layout includes two generously sized bedrooms, creating a comfortable and functional living space. Outside, the property offers a three car carport, an oversized shed, and a lot with ample room for gardening or outdoor enjoyment, along with a welcoming screened-in patio perfect for relaxing. Residents also enjoy access to a recently renovated clubhouse that serves as a true community hub. Amenities include a large swimming pool, a covered heated spa, and an expansive multipurpose room with a full kitchen. Additional features include a card room, library, game room with pool and ping pong tables, a fitness center, a large common gathering space, and two electric vehicle charging stations.

6. 2021-02-18
   soldstatus $111,000 Closed Sale 538-char remark

   Show marketing remark (538 chars)

   Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

7. 2021-01-19
   status Pending Sale 538-char remark

   Show marketing remark (538 chars)

   Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

8. 2020-12-28
   historical Active Under Contract 538-char remark

   Show marketing remark (538 chars)

   Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

9. 2020-11-14
   price $113,000 538-char remark

   Show marketing remark (538 chars)

   Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

10. 2020-11-13
    status Active 538-char remark

    Show marketing remark (538 chars)

    Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

11. 2020-10-28
    historical Active Under Contract 538-char remark

    Show marketing remark (538 chars)

    Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

12. 2020-10-01
    price $110,000 538-char remark

    Show marketing remark (538 chars)

    Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

13. 2020-10-01
    price $105,000 538-char remark

    Show marketing remark (538 chars)

    Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

14. 2020-09-28
    price $113,000 538-char remark

    Show marketing remark (538 chars)

    Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

15. 2020-09-12
    price $114,000 538-char remark

    Show marketing remark (538 chars)

    Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

16. 2020-09-06
    price $114,500 538-char remark

    Show marketing remark (538 chars)

    Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

17. 2020-08-22
    price $115,000 538-char remark

    Show marketing remark (538 chars)

    Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

18. 2020-07-10
    listed $120,000 Active 538-char remark

    Show marketing remark (538 chars)

    Great schools and great neighborhood will make this roomy home a place to call home for years to come! BRAND NEW HVAC system, new paint and skirting. Terrific 2 bedroom 1242 SF home in a fantastic park right in the heart of Corona! Near great schools, shopping centers and the freeway, it's the best of everything- Price, Location and Amenities! Pets welcome! Get all the privacy of your own home with plenty of parking (3 cars fit in carport) for a fraction of the price! We can help you get qualified, too! Space rent is 1095 per mo.

19. 2016-03-14
    soldstatus $62,000 Closed Sale
20. 2016-02-12
    status Pending Sale
21. 2016-01-11
    listed $69,900 Active

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥101°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 19 unhealthy d/yr today · 23 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,730
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$800
• − Repairs & maintenance: −$2,698
• − Management: −$2,698
• − Depreciation: −$4,652
• Taxable income: $11,527
• Est. tax owed @ 24.0%: −$2,766
• After-tax cash flow: $10,620/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: Corona-Norco Unified
• NCES district ID: 0609850
• Math proficiency: 46% ▲ 1.00%
• Reading proficiency: 61% ▬ 0.00%
• Median HH income: $83,380
• Composite: 50.72/100
• National rank: #3920
• State rank: #312 of 1400 in CA

Livability — Corona

• Score: 63/100
• State rank: #461
• US rank: #15787

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Corona, CA
• County: Riverside County · 2,287,001 people
• City population: 188,369
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 30,347
• Household income: $134,932
• Rent vs Own: 17.5% rent · 82.5% own
• Severe rent burden: 383.0

Population outlook (Riverside County) Hauer SSP2

• Today (2025): 2,664,475 people
• By 2030: 2,802,692 · +5.2%
• By 2040: 3,050,904 · +14.5%
• By 2050: 3,256,783 · +22.2%
• By 2075: 3,655,058 · +37.2%
• By 2100: 3,766,594 · +41.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 41% Hispanic / Latino 34% Two or more races 17% Asian 14% Black 4%
• Hispanic origin (detail): Mexican 29% Cuban 1%
• Common ancestry: Italian 5% Portuguese 1% Lithuanian 1%
• Foreign-born: 24% · Canada, South Korea, Vietnam
• Languages at home: 61% English-only · Spanish 22% Other Indo-European 5% Arabic 3%

Political lean MEDSL · Riverside

• 2024 margin: Toss-up / Even · D 48.0% · R 49.3% · Other 2.6%
• 2008→2024 swing: -3.6pp toward R · 2008: 2.3pp · 2024: -1.3pp
• All cycles: 2024: R+1.3 2020: D+8.0 2016: D+4.3 2012: R+0.4 2008: D+2.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -239.86%
• Current HPI: 351.8447
• Rent YoY: ▲ 6.22%
• Metro: Riverside-San Bernardino-Ontario, 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

+128.8% since first listed

17 events — show timeline

• 2026-04-22 Listed $159,900 CRMLS
• 2021-02-18 Sold (MLS) $111,000 CRMLS
• 2021-01-19 Pending — CRMLS
• 2020-12-28 Contingent — CRMLS
• 2020-11-14 Price Changed $113,000 CRMLS
• 2020-11-13 Relisted — CRMLS
• 2020-10-28 Contingent — CRMLS
• 2020-10-01 Price Changed $110,000 CRMLS
• 2020-10-01 Price Changed $105,000 CRMLS
• 2020-09-28 Price Changed $113,000 CRMLS
• 2020-09-12 Price Changed $114,000 CRMLS
• 2020-09-06 Price Changed $114,500 CRMLS
• 2020-08-22 Price Changed $115,000 CRMLS
• 2020-07-10 Listed $120,000 CRMLS
• 2016-03-14 Sold (MLS) $62,000 CRMLS
• 2016-02-12 Pending — CRMLS
• 2016-01-11 Listed $69,900 CRMLS

Property tax history

-3.3%/yr

Latest (2025): $258 · +4.1% YoY. Source: county tax records.