1295 S Cawston Ave #422 · Hemet, CA 92545

$124,950

1 bd · 1.0 ba · 600 sqft · Manufactured · 372 Days on market

Built 1995 2,178 sqft lot $208/sqft · at area comps Est $124k · at est. $292/mo HOA · 19% of rent

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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
• 1% rule +7.2/10.0
• ARV discount +7.0/15.0
• DSCR +6.7/10.0
• Rent growth +3.4/5.0
• Livability +2.6/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE REDUCED! OWN YOUR LAND! Welcome home to Mt Shadows RV Resort 55+ gated community. Beautiful 1995 park model approx 600 sq ft of living space. Covered front and back patios with enclosed vinyl fencing in the backyard great for entertaining. Front door entrance to the enclosed patio room could be used as a den or second bedroom. The Park model has vaulted ceilings, Ceiling fans and shows light and bright with neutral laminate wood flooring throughout. Kitchen open to living & dining room with propane gas stove, garbage disposal, refrigerator included. Master bedroom has extra built-in storage cabinets & mirrored wardrobe closet doors. Bathroom has shower/tub combo with extra linen cabinet. Low maintenance landscaping & orange tree. Storage shed is improved with washer and dryer included. Two clubhouses to choose from with lots o amenities including heated salt water pool, spas, indoor & outdoor kitchens, auditorium, billiard room, shuffleboard, gyms, laundry facilities, restrooms & showers, horse shoe pit, corn hole, ping pong tables & more. LOW TAXES & HOA FEES of approx 292.00 x month "ONLY" includes water, sewer, trash, basic cable & internet. Retirement at it's finest!

Key facts

• Gated community
• Enclosed patio room
• Extra linen cabinet

Tags

• GATED COMMUNITY
• COVERED FRONT AND BACK PATIOS
• ENCLOSED VINYL FENCING
• ENCLOSED PATIO ROOM
• BUILT-IN STORAGE CABINETS
• EXTRA LINEN CABINET

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $178 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.9% in Hemet — 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 51/100 on livability (#1,056 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: crime D+, schools F, amenities F.
• Hemet Unified (suburban): math 19% / reading 41% proficiency, ranked #360 of 517 in CA (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.7%/yr); 290 active listings in the ZIP; 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 $864 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 372 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 23y ago; this cycle's ask has dropped $15k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $97k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; major wildfire risk; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,956 (12.0% below list)

Questions for the listing agent

1. It's been on market 372 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
6. Crime grade is D 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: 1.22% ✓
• Cap rate: 8.01%
• Cash-on-cash: 6.12%
• DSCR: 1.27
• GRM: 6.8

CMA / ARV

• ARV (median comp): $123,644
• List price: $124,950
• Delta: 1.06%
• Verdict: FAIR
• Comps: 16 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1295 S Cawston Ave #340	0.00mi	1/1.0	600 (0%)	6mo	$120,000	$200	95
1295 S Cawston #263	0.08mi	1/1.0	600 (0%)	2mo	$128,000	$213	95
1295 S Cawston #69	0.10mi	1/1.0	600 (0%)	6mo	$127,000	$212	91
1295 S Cawston Ave #488	0.00mi	1/1.0	600 (0%)	19mo	$146,000	$243	84
1295 S Cawston Ave #54	0.03mi	1/1.0	600 (0%)	19mo	$125,000	$208	83
1295 S Cawston #102	0.05mi	1/1.0	650 (+8%)	2mo	$136,000	$209	82
1295 S Cawston Ave #490	0.00mi	2/1.0 (+1)	650 (+8%)	1mo	$94,500	$145	80
1295 S Cawston Ave #97	0.08mi	1/1.0	600 (0%)	19mo	$115,000	$192	80
1295 S Cawston Ave #480	0.00mi	2/1.0 (+1)	576 (-4%)	15mo	$138,000	$240	76
1295 S Cawston Ave #431	0.00mi	1/1.5	633 (+6%)	18mo	$87,000	$137	74
1295 S Cawston Ave #407	0.00mi	1/1.0	650 (+8%)	15mo	$130,000	$200	74
1295 S Cawston Ave #323	0.00mi	1/1.0	680 (+13%)	12mo	$138,000	$203	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 · 3.74% rent growth · sell at horizon

5-year hold

• IRR: -5.8%
• Equity multiple: 0.78×
• Total profit: $-7,617
• Equity at exit: $18,630

10-year hold

• IRR: 4.9%
• Equity multiple: 1.38×
• Total profit: $13,276
• Equity at exit: $10,803

Cash invested: $34,986 (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 92545

• Home prices YoY: -24.6%
• Rents YoY: 3.7%
• Active inventory: 290
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,529 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$30 /mo · $360/yr
• Insurance: −$52
• HOA: −$292
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $178

Break-even live

Break-even rent $1,303

Max offer price $124,950

Occupancy floor 83%

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: $31,238
• Closing costs: $3,748
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $292 · $3,504/yr
• Likely covers: watersewertrashgasinternetcablelandscapingpoolgymsecurity

Listing history 35 events

1. 2026-06-18
   days on market $124,950 Active 372 DOM
2. 2026-06-17
   days on market $124,950 Active 371 DOM
3. 2026-06-16
   days on market $124,950 Active 370 DOM
4. 2026-06-15
   days on market $124,950 Active 369 DOM
5. 2026-06-13
   days on market $124,950 Active 367 DOM
6. 2026-06-09
   days on market $124,950 Active 363 DOM
7. 2026-06-08
   days on market $124,950 Active 362 DOM
8. 2026-06-07
   days on market $124,950 Active 361 DOM
9. 2026-06-04
   days on market $124,950 Active 358 DOM
10. 2026-06-03
    days on market $124,950 Active 357 DOM
11. 2026-06-02
    days on market $124,950 Active 356 DOM
12. 2026-06-01
    days on market $124,950 Active 355 DOM
13. 2026-05-31
    days on market $124,950 Active 354 DOM
14. 2026-03-01
    price $124,950 1253-char remark

    Show marketing remark (1253 chars)

    PRICE REDUCED! OWN YOUR LAND! Welcome home to Mt Shadows RV Resort 55+ gated community. Beautiful 1995 park model approx 600 sq ft of living space. Covered front and back patios with enclosed vinyl fencing in the backyard great for entertaining. Front door entrance to the enclosed patio room could be used as a den or second bedroom. The Park model has vaulted ceilings, Ceiling fans and shows light and bright with neutral laminate wood flooring throughout. Kitchen open to living & dining room with propane gas stove, garbage disposal, refrigerator included. Master bedroom has extra built-in storage cabinets & mirrored wardrobe closet doors. Bathroom has shower/tub combo with extra linen cabinet. Low maintenance landscaping & orange tree. Storage shed is improved with washer and dryer included. Two clubhouses to choose from with lots o amenities including heated salt water pool, spas, indoor & outdoor kitchens, auditorium, billiard room, shuffleboard, gyms, laundry facilities, restrooms & showers, horse shoe pit, corn hole, ping pong tables & more. LOW TAXES & HOA FEES of approx 292.00 x month "ONLY" includes water, sewer, trash, basic cable & internet. Retirement at it's finest!

15. 2026-02-18
    price $119,500 1253-char remark

    Show marketing remark (1253 chars)

    PRICE REDUCED! OWN YOUR LAND! Welcome home to Mt Shadows RV Resort 55+ gated community. Beautiful 1995 park model approx 600 sq ft of living space. Covered front and back patios with enclosed vinyl fencing in the backyard great for entertaining. Front door entrance to the enclosed patio room could be used as a den or second bedroom. The Park model has vaulted ceilings, Ceiling fans and shows light and bright with neutral laminate wood flooring throughout. Kitchen open to living & dining room with propane gas stove, garbage disposal, refrigerator included. Master bedroom has extra built-in storage cabinets & mirrored wardrobe closet doors. Bathroom has shower/tub combo with extra linen cabinet. Low maintenance landscaping & orange tree. Storage shed is improved with washer and dryer included. Two clubhouses to choose from with lots o amenities including heated salt water pool, spas, indoor & outdoor kitchens, auditorium, billiard room, shuffleboard, gyms, laundry facilities, restrooms & showers, horse shoe pit, corn hole, ping pong tables & more. LOW TAXES & HOA FEES of approx 292.00 x month "ONLY" includes water, sewer, trash, basic cable & internet. Retirement at it's finest!

16. 2025-12-07
    price $124,950 1253-char remark

    Show marketing remark (1253 chars)

    PRICE REDUCED! OWN YOUR LAND! Welcome home to Mt Shadows RV Resort 55+ gated community. Beautiful 1995 park model approx 600 sq ft of living space. Covered front and back patios with enclosed vinyl fencing in the backyard great for entertaining. Front door entrance to the enclosed patio room could be used as a den or second bedroom. The Park model has vaulted ceilings, Ceiling fans and shows light and bright with neutral laminate wood flooring throughout. Kitchen open to living & dining room with propane gas stove, garbage disposal, refrigerator included. Master bedroom has extra built-in storage cabinets & mirrored wardrobe closet doors. Bathroom has shower/tub combo with extra linen cabinet. Low maintenance landscaping & orange tree. Storage shed is improved with washer and dryer included. Two clubhouses to choose from with lots o amenities including heated salt water pool, spas, indoor & outdoor kitchens, auditorium, billiard room, shuffleboard, gyms, laundry facilities, restrooms & showers, horse shoe pit, corn hole, ping pong tables & more. LOW TAXES & HOA FEES of approx 292.00 x month "ONLY" includes water, sewer, trash, basic cable & internet. Retirement at it's finest!

17. 2025-10-23
    price $129,500 1253-char remark

    Show marketing remark (1253 chars)

    PRICE REDUCED! OWN YOUR LAND! Welcome home to Mt Shadows RV Resort 55+ gated community. Beautiful 1995 park model approx 600 sq ft of living space. Covered front and back patios with enclosed vinyl fencing in the backyard great for entertaining. Front door entrance to the enclosed patio room could be used as a den or second bedroom. The Park model has vaulted ceilings, Ceiling fans and shows light and bright with neutral laminate wood flooring throughout. Kitchen open to living & dining room with propane gas stove, garbage disposal, refrigerator included. Master bedroom has extra built-in storage cabinets & mirrored wardrobe closet doors. Bathroom has shower/tub combo with extra linen cabinet. Low maintenance landscaping & orange tree. Storage shed is improved with washer and dryer included. Two clubhouses to choose from with lots o amenities including heated salt water pool, spas, indoor & outdoor kitchens, auditorium, billiard room, shuffleboard, gyms, laundry facilities, restrooms & showers, horse shoe pit, corn hole, ping pong tables & more. LOW TAXES & HOA FEES of approx 292.00 x month "ONLY" includes water, sewer, trash, basic cable & internet. Retirement at it's finest!

18. 2025-07-31
    price $134,950 1253-char remark

    Show marketing remark (1253 chars)

    PRICE REDUCED! OWN YOUR LAND! Welcome home to Mt Shadows RV Resort 55+ gated community. Beautiful 1995 park model approx 600 sq ft of living space. Covered front and back patios with enclosed vinyl fencing in the backyard great for entertaining. Front door entrance to the enclosed patio room could be used as a den or second bedroom. The Park model has vaulted ceilings, Ceiling fans and shows light and bright with neutral laminate wood flooring throughout. Kitchen open to living & dining room with propane gas stove, garbage disposal, refrigerator included. Master bedroom has extra built-in storage cabinets & mirrored wardrobe closet doors. Bathroom has shower/tub combo with extra linen cabinet. Low maintenance landscaping & orange tree. Storage shed is improved with washer and dryer included. Two clubhouses to choose from with lots o amenities including heated salt water pool, spas, indoor & outdoor kitchens, auditorium, billiard room, shuffleboard, gyms, laundry facilities, restrooms & showers, horse shoe pit, corn hole, ping pong tables & more. LOW TAXES & HOA FEES of approx 292.00 x month "ONLY" includes water, sewer, trash, basic cable & internet. Retirement at it's finest!

19. 2025-06-11
    listed $139,900 Active 1253-char remark

    Show marketing remark (1253 chars)

    PRICE REDUCED! OWN YOUR LAND! Welcome home to Mt Shadows RV Resort 55+ gated community. Beautiful 1995 park model approx 600 sq ft of living space. Covered front and back patios with enclosed vinyl fencing in the backyard great for entertaining. Front door entrance to the enclosed patio room could be used as a den or second bedroom. The Park model has vaulted ceilings, Ceiling fans and shows light and bright with neutral laminate wood flooring throughout. Kitchen open to living & dining room with propane gas stove, garbage disposal, refrigerator included. Master bedroom has extra built-in storage cabinets & mirrored wardrobe closet doors. Bathroom has shower/tub combo with extra linen cabinet. Low maintenance landscaping & orange tree. Storage shed is improved with washer and dryer included. Two clubhouses to choose from with lots o amenities including heated salt water pool, spas, indoor & outdoor kitchens, auditorium, billiard room, shuffleboard, gyms, laundry facilities, restrooms & showers, horse shoe pit, corn hole, ping pong tables & more. LOW TAXES & HOA FEES of approx 292.00 x month "ONLY" includes water, sewer, trash, basic cable & internet. Retirement at it's finest!

20. 2024-08-30
    price $149,900
21. 2024-08-15
    listed $154,900 Active
22. 2021-05-15
    status Pending Sale
23. 2021-05-14
    historical
24. 2021-04-12
    price $119,900
25. 2021-03-15
    price $122,500
26. 2021-03-12
    listed $119,900 Active
27. 2021-02-19
    soldstatus $97,000 Closed Sale
28. 2021-02-19
    soldstatus $82,000
29. 2021-02-09
    status Pending Sale
30. 2021-01-02
    listed $104,900 Active
31. 2004-01-16
    soldstatus $58,500
32. 2004-01-16
    soldstatus $50,000
33. 2003-12-03
    listed $60,000
34. 2003-01-27
    soldstatus $50,000
35. 1993-09-21
    soldstatus $22,500

ⓘ 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: $360 · $30/mo
• Projected year-2 tax: $950 · $79/mo
• Expected delta: +$590/yr (+$49/mo · 163.8%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 57% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 7/10 Severe 6 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 9 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,344
• − Mortgage interest: −$6,999
• − Property taxes: −$360
• − Insurance: −$625
• − Repairs & maintenance: −$1,468
• − Management: −$1,468
• − HOA: −$3,504
• − Depreciation: −$3,635
• Taxable income: $286
• Est. tax owed @ 24.0%: −$69
• After-tax cash flow: $2,071/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: Hemet Unified
• NCES district ID: 0616920
• Math proficiency: 19% ▼ -3.00%
• Reading proficiency: 41% ▲ 4.00%
• Median HH income: $39,962
• Composite: 25.16/100
• National rank: #7517
• State rank: #360 of 517 in CA

Livability — Hemet

• Score: 51/100
• State rank: #1056
• US rank: #25208

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hemet, CA
• County: Riverside County · 2,287,001 people
• City population: 137,670
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 45,982
• Household income: $63,770
• Rent vs Own: 28.8% rent · 71.2% own
• Severe rent burden: 1813.0

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 0.65)
• Race & ethnicity: Hispanic / Latino 46% White 35% Two or more races 17% Black 8% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 40%
• Common ancestry: Slovak 2% Lithuanian 2% Portuguese 1%
• Foreign-born: 19% · Canada, Vietnam, Jamaica
• Languages at home: 69% English-only · Spanish 27% Tagalog/Filipino 1% Other Indo-European 1%

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: ▼ -116.25%
• Current HPI: 356.9414
• Rent YoY: ▲ 3.74%
• 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

+455.3% since first listed

22 events — show timeline

• 2026-03-01 Price Changed $124,950 CRMLS
• 2026-02-18 Price Changed $119,500 CRMLS
• 2025-12-07 Price Changed $124,950 CRMLS
• 2025-10-23 Price Changed $129,500 CRMLS
• 2025-07-31 Price Changed $134,950 CRMLS
• 2025-06-11 Listed $139,900 CRMLS
• 2024-08-30 Price Changed $149,900 CRMLS
• 2024-08-15 Listed $154,900 CRMLS
• 2021-05-15 Pending — CRMLS
• 2021-05-14 Listing Removed — CRMLS
• 2021-04-12 Price Changed $119,900 CRMLS
• 2021-03-15 Price Changed $122,500 CRMLS
• 2021-03-12 Listed $119,900 CRMLS
• 2021-02-19 Sold (Public Records) $82,000 Public Records
• 2021-02-19 Sold (MLS) $97,000 CRMLS
• 2021-02-09 Pending — CRMLS
• 2021-01-02 Listed $104,900 CRMLS
• 2004-01-16 Sold (Public Records) $50,000 Public Records
• 2004-01-16 Sold (MLS) $58,500 CRMLS
• 2003-12-03 Listed $60,000 CRMLS
• 2003-01-27 Sold (Public Records) $50,000 Public Records
• 1993-09-21 Sold (Public Records) $22,500 Public Records

Property tax history

+0.6%/yr

Latest (2014): $360 · -2.8% YoY. Source: county tax records.