35475 National Trl #27 · Barstow, CA 92327

$89,900

2 bd · 1.0 ba · 1,344 sqft · Manufactured · 246 Days on market

Built 2025 Good condition ↓ 9% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0

Listing remarks MLS

NEW CONSTRUCTION HOME! Come check out this beautiful new home in a growing all age park under NEW MANAGEMENT. This park has multiple new homes being installed and seeks to become a budget friendly oasis just outside the BARSTOW MARKET. This home was recently constructed with new underground plumbing and construction as well as includes a factory warranty to cover all your concerns. If this model isn't right for you, still give us a call as the owners of the park have a few more homes planned to be installed in this park, and they would be happy to help you get exactly what you want. Schedule to walk this park today and see the homes available. This park does allow rentals, so investors feel free to invest here.

Key facts

• Factory warranty
• Built 2025
• Listed 246 days

Tags

• NEW CONSTRUCTION HOME
• NEW UNDERGROUND PLUMBING
• FACTORY WARRANTY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $90k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $533 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 4.6% in Barstow — 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 (#444 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: amenities C-, health & safety C-, schools F.
• 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: 21 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 $3k of equity ($622 loan paydown + $3k 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 $25k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 246 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 246 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 1.63% ✓
• Cap rate: 13.41%
• Cash-on-cash: 25.41%
• DSCR: 2.13
• GRM: 5.1

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: 31.5%
• Equity multiple: 2.78×
• Total profit: $44,798
• Equity at exit: $40,423

10-year hold

• IRR: 31.8%
• Equity multiple: 5.45×
• Total profit: $111,946
• Equity at exit: $62,297

Cash invested: $25,172 (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 92327

• Active inventory: 21
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,461 medium
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $533

Break-even live

Break-even rent $786

Max offer price $89,900

Occupancy floor 59%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $89,900 Active 246 DOM
2. 2026-06-17
   days on market $89,900 Active 245 DOM
3. 2026-06-16
   days on market $89,900 Active 244 DOM
4. 2026-06-15
   days on market $89,900 Active 243 DOM
5. 2026-06-13
   days on market $89,900 Active 241 DOM
6. 2026-06-13
   days on market $89,900 Active 240 DOM
7. 2026-06-09
   days on market $89,900 Active 237 DOM
8. 2026-06-08
   days on market $89,900 Active 236 DOM
9. 2026-06-07
   days on market $89,900 Active 235 DOM
10. 2026-06-04
    days on market $89,900 Active 232 DOM
11. 2026-06-03
    days on market $89,900 Active 231 DOM
12. 2026-06-02
    days on market $89,900 Active 230 DOM
13. 2026-06-01
    days on market $89,900 Active 229 DOM
14. 2026-05-31
    days on market $89,900 Active 228 DOM
15. 2025-11-06
    price $89,900 720-char remark

    Show marketing remark (720 chars)

    NEW CONSTRUCTION HOME! Come check out this beautiful new home in a growing all age park under NEW MANAGEMENT. This park has multiple new homes being installed and seeks to become a budget friendly oasis just outside the BARSTOW MARKET. This home was recently constructed with new underground plumbing and construction as well as includes a factory warranty to cover all your concerns. If this model isn't right for you, still give us a call as the owners of the park have a few more homes planned to be installed in this park, and they would be happy to help you get exactly what you want. Schedule to walk this park today and see the homes available. This park does allow rentals, so investors feel free to invest here.

16. 2025-10-15
    listed $95,000 Active 720-char remark

    Show marketing remark (720 chars)

    NEW CONSTRUCTION HOME! Come check out this beautiful new home in a growing all age park under NEW MANAGEMENT. This park has multiple new homes being installed and seeks to become a budget friendly oasis just outside the BARSTOW MARKET. This home was recently constructed with new underground plumbing and construction as well as includes a factory warranty to cover all your concerns. If this model isn't right for you, still give us a call as the owners of the park have a few more homes planned to be installed in this park, and they would be happy to help you get exactly what you want. Schedule to walk this park today and see the homes available. This park does allow rentals, so investors feel free to invest here.

17. 2025-09-30
    historical
18. 2025-09-09
    price $95,000
19. 2025-06-25
    price $98,000
20. 2025-03-20
    listed $99,000 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 D · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 11 unhealthy d/yr today · 14 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,533
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$1,403
• − Management: −$1,403
• − Depreciation: −$2,615
• Taxable income: $5,279
• Est. tax owed @ 24.0%: −$1,267
• After-tax cash flow: $5,129/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.

Condition & rehab AI · 6 photos

Good 80/100 Cosmetic rehab

This new construction manufactured home is in good condition with minimal repairs needed. It offers a good starting point for investors looking to add value through cosmetic updates and smart home integration.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value
• Both Replace carpet with hardwood — Improves aesthetics and rental appeal
• Both Install smart home devices — Enhances convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and resale value ↑
• Both Replace carpet with hardwood — Improves aesthetics and rental appeal ↑
• Both Install smart home devices — Enhances convenience and marketability ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Barstow

• Score: 63/100
• State rank: #444
• US rank: #15099

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 33,954
• Population (ZIP): 706

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 0.67)
• Race & ethnicity: White 48% Hispanic / Latino 23% Black 22% Two or more races 22%
• Hispanic origin (detail): Mexican 21%
• Common ancestry: English 4% Italian 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

-9.2% since first listed

6 events — show timeline

• 2025-11-06 Price Changed $89,900 CRMLS
• 2025-10-15 Listed $95,000 CRMLS
• 2025-09-30 Listing Removed — CRMLS
• 2025-09-09 Price Changed $95,000 CRMLS
• 2025-06-25 Price Changed $98,000 CRMLS
• 2025-03-20 Listed $99,000 CRMLS