214 Earl Ln #76 · Santa Ana, CA 92704

$159,000

3 bd · 2.0 ba · 1,400 sqft · Manufactured · 189 Days on market

Built 1996 Fair condition $114/sqft · at area comps Est $165k · at est. ↓ 12% 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 +9.1/15.0
• Rent growth +3.0/5.0
• Livability +2.8/5.0
• Schools +2.7/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Mobile Home Located in the lovely Coach Royal Park, an all-age mobile home community, this home features 3 bedrooms and 2 bathrooms. It sits on a good-sized lot with a privacy fence. The community offers great amenities, including a clubhouse/event room, pool and spa, and a children’s playground.

Key facts

• Privacy fence
• Clubhouse event room
• Pool and spa

Tags

• PRIVACY FENCE
• CLUBHOUSE EVENT ROOM
• POOL AND SPA
• CHILDREN'S PLAYGROUND

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $159k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $159k).
• Recommended offer: $140k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.9% vs local median 2.5% in Santa Ana — 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 55/100 on livability (#871 in CA) — a working-class tenant base; expect higher turnover. Strengths: employment A; Watch: schools D, crime D-, amenities F.
• Santa Ana Unified (urban): math 23% / reading 37% proficiency, ranked #329 of 517 in CA (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.2%/yr); 80 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 6,974 units permitted in Orange County in 2024 (3,839 in 5+ unit buildings).
• This rent runs 40% of the median local income ($100k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Orange County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 2.2% rent growth), your $45k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 189 days — a 12% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $16k (9%) 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 189 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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: 2.10% ✓
• Cap rate: 17.94%
• Cash-on-cash: 41.60%
• DSCR: 2.85
• GRM: 4.0

CMA / ARV

• ARV (median comp): $165,000
• List price: $159,000
• Delta: -3.64%
• Verdict: FAIR
• Comps: 7 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
302 Castle Ln	0.09mi	2/2.0 (-1)	1,382 (-1%)	17mo	$102,500	$74	74
206 S Sullivan St #87	0.20mi	4/2.0 (+1)	1,450 (+4%)	22mo	$274,000	$189	61
1 Vienna Dr #64	0.40mi	3/2.0	1,440 (+3%)	19mo	$175,000	$122	61
214 Sequoia Way	0.53mi	3/2.0	1,310 (-6%)	19mo	$180,000	$137	49

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 · 2.16% rent growth · sell at horizon

5-year hold

• IRR: 37.3%
• Equity multiple: 2.57×
• Total profit: $69,777
• Equity at exit: $23,707

10-year hold

• IRR: 43.4%
• Equity multiple: 4.96×
• Total profit: $176,226
• Equity at exit: $13,747

Cash invested: $44,520 (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 92704

• Rents YoY: 2.2%
• Active inventory: 80
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $3,344 high
• Mortgage (P&I): −$834
• Tax est. 1.5%: −$199 /mo · $2,385/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$702
• Net cashflow: $1,543

Break-even live

Break-even rent $1,391

Max offer price $159,000

Occupancy floor 49%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1570 W 1st St #15 Santa Ana, CA	3.0	3.0	1513	$3,850	$2.54	12d	1	0.67mi
1520 W 1st St Santa Ana, CA	3.0	3.0	1513	$3,600	$2.38	43d	1	0.70mi
3200 W 5th St Santa Ana, CA	1.0–2.0	1.0–2.0	769	$2,795	$3.63	2d	9	0.70mi
308 S Laurel St Unit C Santa Ana, CA	2.0	1.0	950	$2,650	$2.79	43d	1	0.81mi
1330 W 10th St Unit 2 Santa Ana, CA	3.0	2.0	993	$3,700	$3.73	12d	1	1.08mi
1610 N King St Santa Ana, CA	1.0–2.0	1.0–2.0	808	$2,400	$2.97	43d	1	1.14mi
1114 W Santa Ana Blvd Santa Ana, CA	2.0	2.0	725	$2,700	$3.72	43d	4	1.16mi
1123 Highland St Unit A Santa Ana, CA	4.0	2.0	1600	$4,200	$2.62	21d	1	1.16mi
1410 W Washington Ave Santa Ana, CA	4.0	3.0	1721	$1,100	$0.64	19d	1	1.18mi
3900 W 5th St Santa Ana, CA	1.0–2.0	1.0–2.0	780	$2,175	$2.79	13d	1	1.25mi
2513 W Occidental St Santa Ana, CA	2.0	2.0	980	$3,495	$3.57	7d	1	1.29mi
924 W Chestnut Ave Santa Ana, CA	2.0	1.0	1554	$2,400	$1.54	43d	1	1.35mi
4109 W 5th St Unit C3 Santa Ana, CA	2.0	2.0	921	$2,500	$2.71	21d	1	1.39mi
4109 W 5th St Unit C3 Santa Ana, CA	2.0	2.0	921	$2,900	$3.15	43d	1	1.39mi
4200 W 1st St Santa Ana, CA	1.0–2.0	1.0–2.0	714	$2,997	$4.19	1d	4	1.42mi
4201 W 5th St Santa Ana, CA	2.0	1.0	921	$2,800	$3.04	7d	1	1.44mi
909 S Elliott Pl Santa Ana, CA	4.0	2.0	1351	$4,700	$3.48	43d	1	1.45mi
3630 Westminster Ave Santa Ana, CA	2.0	2.0	997	$2,758	$2.77	43d	1	1.49mi
1314 N Harbor Blvd Santa Ana, CA	2.0	2.0	884	$2,742	$3.10	13d	4	1.49mi

Listing history 20 events

1. 2026-06-18
   days on market $159,000 Active 189 DOM
2. 2026-06-17
   days on market $159,000 Active 188 DOM
3. 2026-06-16
   days on market $159,000 Active 187 DOM
4. 2026-06-15
   days on market $159,000 Active 186 DOM
5. 2026-06-13
   days on market $159,000 Active 184 DOM
6. 2026-06-13
   days on market $159,000 Active 183 DOM
7. 2026-06-09
   days on market $159,000 Active 180 DOM
8. 2026-06-08
   days on market $159,000 Active 179 DOM
9. 2026-06-07
   days on market $159,000 Active 178 DOM
10. 2026-06-04
    days on market $159,000 Active 175 DOM
11. 2026-06-03
    days on market $159,000 Active 174 DOM
12. 2026-06-02
    days on market $159,000 Active 173 DOM
13. 2026-06-01
    days on market $159,000 Active 172 DOM
14. 2026-05-31
    days on market $159,000 Active 171 DOM
15. 2026-03-02
    price $159,000 303-char remark

    Show marketing remark (303 chars)

    Mobile Home Located in the lovely Coach Royal Park, an all-age mobile home community, this home features 3 bedrooms and 2 bathrooms. It sits on a good-sized lot with a privacy fence. The community offers great amenities, including a clubhouse/event room, pool and spa, and a children’s playground.

16. 2026-01-27
    price $169,000 303-char remark

    Show marketing remark (303 chars)

    Mobile Home Located in the lovely Coach Royal Park, an all-age mobile home community, this home features 3 bedrooms and 2 bathrooms. It sits on a good-sized lot with a privacy fence. The community offers great amenities, including a clubhouse/event room, pool and spa, and a children’s playground.

17. 2025-12-11
    listed $175,000 Active 303-char remark

    Show marketing remark (303 chars)

    Mobile Home Located in the lovely Coach Royal Park, an all-age mobile home community, this home features 3 bedrooms and 2 bathrooms. It sits on a good-sized lot with a privacy fence. The community offers great amenities, including a clubhouse/event room, pool and spa, and a children’s playground.

18. 2023-10-13
    historical
19. 2023-07-02
    status Active
20. 2023-04-16
    listed $180,000 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 3/10 Moderate FEMA zone X · 7% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥89°F today · 23 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,134
• − Mortgage interest: −$8,906
• − Property taxes: −$2,385
• − Insurance: −$795
• − Repairs & maintenance: −$3,211
• − Management: −$3,211
• − Depreciation: −$4,625
• Taxable income: $17,000
• Est. tax owed @ 24.0%: −$4,080
• After-tax cash flow: $14,440/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 · 12 photos

Fair 45/100 Moderate rehab

This mobile home requires moderate repairs and maintenance, including painting, flooring, and kitchen appliances, to improve its condition and value.

Repairs flagged

• Minor Paint — Light discoloration
• Moderate Flooring — Worn and needs replacement
• Moderate Kitchen appliances — Older and may need replacement

Value-add opportunities

• Both Paint — Enhances curb appeal and interior
• Both Flooring — Improves living experience and resale value
• Both Kitchen appliances — Modernizes the space and attracts buyers

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Light discoloration	Minor	$500–3,000
Flooring · Worn and needs replacement	Moderate	$3,000–15,000
Kitchen appliances · Older and may need replacement	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$6,500–33,000

Value-add ROI direction

• Both Paint — Enhances curb appeal and interior ↑
• Both Flooring — Improves living experience and resale value ↑
• Both Kitchen appliances — Modernizes the space and attracts buyers ↑

ⓘ 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: Santa Ana Unified
• NCES district ID: 0635310
• Math proficiency: 23% ▼ -2.00%
• Reading proficiency: 37% ▲ 5.00%
• Median HH income: $55,752
• Composite: 26.7/100
• National rank: #7152
• State rank: #329 of 517 in CA

Livability — Santa Ana

• Score: 55/100
• State rank: #871
• US rank: #23502

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Santa Ana, CA
• County: Orange County · 3,096,323 people
• City population: 288,255
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 82,120
• Household income: $99,777
• Rent vs Own: 50.9% rent · 49.1% own
• Severe rent burden: 2188.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 3,477,456 people
• By 2030: 3,613,117 · +3.9%
• By 2040: 3,835,945 · +10.3%
• By 2050: 3,968,736 · +14.1%
• By 2075: 4,097,053 · +17.8%
• By 2100: 3,903,633 · +12.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (71%)
• Race & ethnicity: Hispanic / Latino 71% Asian 18% Two or more races 17% White 9% Native American 2%
• Hispanic origin (detail): Mexican 65%
• Common ancestry: Italian 1%
• Foreign-born: 44% · Canada, Vietnam, China
• Languages at home: 22% English-only · Spanish 61% Vietnamese 13% Other Asian/Pacific 2%

Political lean MEDSL · Orange

• 2024 margin: Toss-up / Even · D 49.7% · R 47.1% · Other 3.2%
• 2008→2024 swing: +5.2pp toward D · 2008: -2.6pp · 2024: 2.6pp
• All cycles: 2024: D+2.6 2020: D+9.0 2016: D+7.7 2012: R+8.3 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -991.35%
• Current HPI: 449.8874
• Rent YoY: ▲ 2.16%
• Metro: Los Angeles-Long Beach-Anaheim, 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

-11.7% since first listed

6 events — show timeline

• 2026-03-02 Price Changed $159,000 CRMLS
• 2026-01-27 Price Changed $169,000 CRMLS
• 2025-12-11 Listed $175,000 CRMLS
• 2023-10-13 Listing Removed — CRMLS
• 2023-07-02 Relisted — CRMLS
• 2023-04-16 Listed $180,000 CRMLS