56617 Massachusets · Homestead Valley, CA 92285

$112,000

1 bd · 1.0 ba · 408 sqft · Other public records · 120 Days on market

Built 1961 2.50 ac lot $275/sqft · 39% below area Est $184k · 39% 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 +27.2/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +9.5/10.0
• 1% rule +6.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Cute recreational cabin on 2.5 acres! Improvements include fencing, and newer mini split plus evaporative cooler! Occupant had used the shed for laundry plus storage. Cabin has one room with separate kitchen and bathroom. Prospective buyers to familiarize themselves with County of San Bernardino restrictions on recreational cabins. This cabin is a very sweet spot with mountain and foothill views almost all the way around!

Key facts

• Fencing
• Separate kitchen
• 2.5 acres

Tags

• 2.5 ACRES
• FENCING
• NEWER MINI SPLIT
• EVAPORATIVE COOLER
• SHED FOR LAUNDRY
• SEPARATE KITCHEN

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath other listed at $112k.

Deal economics

• At list price, monthly cash flow is $320 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $112k).
• Recommended offer: $102k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 3.7% in Homestead Valley — 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 49/100 on livability (#1,167 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: schools F, amenities F, commute F.
• 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: 196 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 $12k of equity ($774 loan paydown + $11k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $12k; list at $112k implies a 796% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 8→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,920 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — 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 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. 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: 1.17% ✓
• Cap rate: 9.72%
• Cash-on-cash: 12.25%
• DSCR: 1.55
• GRM: 7.1

CMA / ARV

• ARV (median comp): $184,445
• List price: $112,000
• Delta: -39.28%
• Verdict: UNDERPRICED
• Comps: 7 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.3%
• Equity multiple: 3.59×
• Total profit: $81,372
• Equity at exit: $100,898

10-year hold

• IRR: 28.7%
• Equity multiple: 8.13×
• Total profit: $223,565
• Equity at exit: $217,591

Cash invested: $31,360 (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 92285

• Home prices YoY: 31.4%
• Active inventory: 196
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,314 medium
• Mortgage (P&I): −$587
• Tax from tax record: −$84 /mo · $1,005/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $320

Break-even live

Break-even rent $909

Max offer price $112,000

Occupancy floor 71%

Sensitivity live

Price	-10% $384	-5% $352	+0% $320	+5% $288	+10% $257
Rent	-10% $216	-5% $268	+0% $320	+5% $372	+10% $424
Rate	-1.0pp $377	-0.5pp $349	base $320	+0.5pp $291	+1.0pp $262

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: $28,000
• Closing costs: $3,360
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $112,000 Active 120 DOM
2. 2026-06-17
   days on market $112,000 Active 119 DOM
3. 2026-06-16
   days on market $112,000 Active 118 DOM
4. 2026-06-15
   days on market $112,000 Active 117 DOM
5. 2026-06-13
   days on market $112,000 Active 115 DOM
6. 2026-06-13
   days on market $112,000 Active 114 DOM
7. 2026-06-09
   days on market $112,000 Active 111 DOM
8. 2026-06-08
   days on market $112,000 Active 110 DOM
9. 2026-06-07
   days on market $112,000 Active 109 DOM
10. 2026-06-04
    days on market $112,000 Active 106 DOM
11. 2026-06-03
    days on market $112,000 Active 105 DOM
12. 2026-06-02
    days on market $112,000 Active 104 DOM
13. 2026-06-01
    days on market $112,000 Active 103 DOM
14. 2026-05-31
    days on market $112,000 Active 102 DOM
15. 2026-05-13
    price $112,000 425-char remark

    Show marketing remark (425 chars)

    Cute recreational cabin on 2.5 acres! Improvements include fencing, and newer mini split plus evaporative cooler! Occupant had used the shed for laundry plus storage. Cabin has one room with separate kitchen and bathroom. Prospective buyers to familiarize themselves with County of San Bernardino restrictions on recreational cabins. This cabin is a very sweet spot with mountain and foothill views almost all the way around!

16. 2026-04-09
    price $125,000 425-char remark

    Show marketing remark (425 chars)

    Cute recreational cabin on 2.5 acres! Improvements include fencing, and newer mini split plus evaporative cooler! Occupant had used the shed for laundry plus storage. Cabin has one room with separate kitchen and bathroom. Prospective buyers to familiarize themselves with County of San Bernardino restrictions on recreational cabins. This cabin is a very sweet spot with mountain and foothill views almost all the way around!

17. 2026-03-24
    price $145,000 425-char remark

    Show marketing remark (425 chars)

    Cute recreational cabin on 2.5 acres! Improvements include fencing, and newer mini split plus evaporative cooler! Occupant had used the shed for laundry plus storage. Cabin has one room with separate kitchen and bathroom. Prospective buyers to familiarize themselves with County of San Bernardino restrictions on recreational cabins. This cabin is a very sweet spot with mountain and foothill views almost all the way around!

18. 2026-02-18
    listed $150,000 Active 425-char remark

    Show marketing remark (425 chars)

    Cute recreational cabin on 2.5 acres! Improvements include fencing, and newer mini split plus evaporative cooler! Occupant had used the shed for laundry plus storage. Cabin has one room with separate kitchen and bathroom. Prospective buyers to familiarize themselves with County of San Bernardino restrictions on recreational cabins. This cabin is a very sweet spot with mountain and foothill views almost all the way around!

19. 1990-04-27
    soldstatus $12,500

ⓘ 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: $1,005 · $84/mo
• Projected year-2 tax: $1,005 · $84/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone D · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 8 d/yr ≥101°F today · 24 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,765
• − Mortgage interest: −$6,274
• − Property taxes: −$1,005
• − Insurance: −$560
• − Repairs & maintenance: −$1,261
• − Management: −$1,261
• − Depreciation: −$3,258
• Taxable income: $2,146
• Est. tax owed @ 24.0%: −$515
• After-tax cash flow: $3,326/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 — Homestead Valley

• Score: 49/100
• State rank: #1167
• US rank: #25885

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homestead Valley, CA
• Population (ZIP): 2,914

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: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 20% Two or more races 15% Black 4% Native American 4% Asian 2%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Italian 6% Romanian 3% Iranian 2%
• Foreign-born: 8% · Canada, Philippines
• Languages at home: 82% English-only · Spanish 16%

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: ▲ 128.05%
• Current HPI: 536.4822
• 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

+796.0% since first listed

5 events — show timeline

• 2026-05-13 Price Changed $112,000 CRMLS
• 2026-04-09 Price Changed $125,000 CRMLS
• 2026-03-24 Price Changed $145,000 CRMLS
• 2026-02-18 Listed $150,000 CRMLS
• 1990-04-27 Sold (Public Records) $12,500 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,005 · +4.2% YoY. Source: county tax records.