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0 Parker Rd
B- Composite 68.78
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
  • Rent growth +3.6/5.0
  • Livability +3.0/5.0
  • Condition / age +2.5/5.0
  • Schools +2.2/10.0
  • Appreciation +0.0/10.0

$65,000

0 Parker Rd · Twentynine Palms, CA 92277
1 bd · 1.0 ba · 480 sqft · Land · 321 Days on market
Built 1958 5.00 ac lot $135/sqft · 67% above area

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Located in beautiful Wonder Valley at the base of the Bullion Mountains and the Cleghorn Lakes Wilderness, this 5-acre parcel with recreational cabin will blow you away with its views, peace and quiet, and privacy. Sit out on a clear night and experience an incredible sky full of stars off the grid and enjoy the breathtaking sunrises and sunsets! This cabin and 5-acre property is only 20 minutes from the entrance of Joshua Tree National Park yet you're still only 15 minutes to all local amenities in the city of 29 Palms and 29 Palms airport. There are fewer and fewer of these cabins left that haven't already been remodeled. If not for recreational use, this could be a great property to use for short term rental income. Buyers should check with The County for any building and permit requirements. This property is a fixer and is sold AS-IS. Buyer(s) need to perform their due diligence and independently verify all information provided. Buyer is responsible for verifying all utilities, land use building, and zoning process with the county.

Key facts

  • Recreational cabin
  • Sold as is
  • 5 acre parcel

Tags

5 ACRE PARCELRECREATIONAL CABIN15 MINUTES TO LOCAL AMENITIES29 PALMS AIRPORTSOLD AS IS

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
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What this means for you Summary

Snapshot

  • This is a 1-bed/1.0-bath land listed at $65k.

Deal economics

  • At list price, monthly cash flow is $526 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $65k).
  • Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
  • Cap rate 16.0% vs local median 4.3% in Twentynine Palms — 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 59/100 on livability (#622 in CA) — a working-class tenant base; expect higher turnover. Strengths: commute A+, housing A+; Watch: schools D, amenities F, employment D-.
  • Morongo Unified (town): math 15% / reading 38% proficiency, ranked #395 of 517 in CA (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Market conditions: Rents rising fast (+4.5%/yr); 734 active listings in the ZIP; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
  • 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 + 4.5% rent growth), your $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 321 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 2y 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 $6k; list at $65k implies a 900% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
  • 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 $57,200 (12.0% below list)

Questions for the listing agent

  1. It's been on market 321 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 1958 — 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. Schools are D-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. 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
1.79%
Cap rate
16.00%
Cash-on-cash
34.68%
DSCR
2.54
GRM
4.7

CMA / ARV

ARV (median comp)
$38,888
List price
$65,000
Delta
67.15%
Verdict
OVERPRICED
Comps
3 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.45% rent growth · sell at horizon

5-year hold
IRR
31.7%
Equity multiple
2.36×
Total profit
$24,672
Equity at exit
$9,692
10-year hold
IRR
39.5%
Equity multiple
4.95×
Total profit
$71,830
Equity at exit
$5,620

Cash invested: $18,200 (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.

ZIP-level market 92277

Home prices YoY
-3.1%
Rents YoY
4.5%
Active inventory
734
Price-to-rent
4.7×

Monthly cashflow live

Estimated rent
$1,164 medium interval (Pro) →
Mortgage (P&I)
$341
Tax from tax record
$25 /mo · $304/yr
Insurance
$27
HOA
$0
Vacancy / Maint / Mgmt
$244
Net cashflow
$526

Break-even live

Break-even rent $498
Max offer price $65,000
Occupancy floor 50%

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
$16,250
Closing costs
$1,950
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Listing history 6 events

  1. 2026-06-01
    days on market $65,000 Active 321 DOM
  2. 2026-05-31
    days on market $65,000 Active 320 DOM
  3. 2025-07-14
    listed $65,000 Active 1051-char remark
    Show marketing remark (1051 chars)

    Located in beautiful Wonder Valley at the base of the Bullion Mountains and the Cleghorn Lakes Wilderness, this 5-acre parcel with recreational cabin will blow you away with its views, peace and quiet, and privacy. Sit out on a clear night and experience an incredible sky full of stars off the grid and enjoy the breathtaking sunrises and sunsets! This cabin and 5-acre property is only 20 minutes from the entrance of Joshua Tree National Park yet you're still only 15 minutes to all local amenities in the city of 29 Palms and 29 Palms airport. There are fewer and fewer of these cabins left that haven't already been remodeled. If not for recreational use, this could be a great property to use for short term rental income. Buyers should check with The County for any building and permit requirements. This property is a fixer and is sold AS-IS. Buyer(s) need to perform their due diligence and independently verify all information provided. Buyer is responsible for verifying all utilities, land use building, and zoning process with the county.

  4. 2025-04-11
    historical
  5. 2024-04-21
    listed $65,000 Active
  6. 2007-01-16
    soldstatus $6,500

ⓘ 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
$304 · $25/mo
Projected year-2 tax
$494 · $41/mo
Expected delta
+$190/yr (+$16/mo · 62.4%)

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

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 19 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$13,964
− Mortgage interest
−$3,641
− Property taxes
−$304
− Insurance
−$325
− Repairs & maintenance
−$1,117
− Management
−$1,117
− Depreciation
−$1,891
Taxable income
$5,568
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,336
After-tax cash flow
$4,975/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
Morongo Unified
NCES district ID
0625860
Math proficiency
15% ▼ -12.00%
Reading proficiency
38% ▼ -3.00%
Median HH income
$39,399
Composite
22.19/100
National rank
#8156
State rank
#395 of 517 in CA

Livability — Twentynine Palms

Score
59/100
State rank
#622
US rank
#19731

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
San Bernardino County · 2,030,291 people
City population
26,277
Metro
Riverside-San Bernardino-Ontario, CA
Population (ZIP)
26,277
Household income
$60,901
Rent vs Own
56.7% rent · 43.3% own
Severe rent burden
1057.0

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 0.70)
Race & ethnicity
White 49% Two or more races 24% Hispanic / Latino 24% Black 9% Asian 4% Pacific Islander 1% Native American 1%
Hispanic origin (detail)
Mexican 20%
Common ancestry
Italian 5% Lithuanian 3% Slovak 3%
Foreign-born
9% · Canada, China, South Korea
Languages at home
81% English-only · Spanish 12% Other Asian/Pacific 2% Tagalog/Filipino 1%

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
▼ -12.15%
Current HPI
380.5083
Rent YoY
▲ 4.45%
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

Price history

+900.0% since first listed
4 events — show timeline
  • 2025-07-14 Listed $65,000 CRMLS
  • 2025-04-11 Listing Removed CRMLS
  • 2024-04-21 Listed $65,000 CRMLS
  • 2007-01-16 Sold (Public Records) $6,500 Public Records

Property tax history

+9.8%/yr

Latest (2025): $304 · +2.6% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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