900 Golden Wheel Park Dr #33 · San Jose, CA 95112

$220,000

2 bd · 1.0 ba · 720 sqft · Manufactured · 118 Days on market

Built 1972 $306/sqft · at area comps Est $226k · at est. ↓ 4% 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
• DSCR +10.0/10.0
• ARV discount +8.8/15.0
• 1% rule +8.6/10.0
• Schools +5.5/10.0
• Livability +3.9/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated 2-bedroom, 1-bathroom mobile home located in the Golden Wheel community. Built in 1972 and approximately 720 sq. ft. , this home features recent improvements including new flooring, updated light fixtures, a remodeled bathroom with a new sink and tile, and fresh interior paint. The exterior has also been freshly painted, and the fence has been repaired, giving the home a clean and well-maintained appearance. Golden Wheel is a well-established community offering convenient access to shopping, dining, and everyday essentials. Ideally located near major highways 680, 880, and 101, making commuting throughout Silicon Valley simple and convenient. A great opportunity for affordable living in a central location.

Key facts

• Remodeled bathroom
• New flooring
• Fresh interior paint

Tags

• NEW FLOORING
• UPDATED LIGHT FIXTURES
• REMODELED BATHROOM
• FRESH INTERIOR PAINT
• FRESHLY PAINTED EXTERIOR
• REPAIRED FENCE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $220k.

Deal economics

• At list price, monthly cash flow is $837 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $200k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.9% vs local median 1.6% in San Jose — 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 78/100 on livability (#68 in CA, #2,559 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Orchard Elementary (urban): math 51% / reading 60% proficiency, ranked #225 of 1,400 in CA (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.2%/yr); 104 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,838 units permitted in Santa Clara County in 2024 (1,886 in 5+ unit buildings).
• This rent runs 40% of the median local income ($89k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Santa Clara County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.2% rent growth), your $62k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($200k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $200,200 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 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 1972 — 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. 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: 1.36% ✓
• Cap rate: 10.86%
• Cash-on-cash: 16.30%
• DSCR: 1.73
• GRM: 6.1

CMA / ARV

• ARV (median comp): $226,482
• List price: $220,000
• Delta: -2.86%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
900 Golden Wheel Park #120	0.00mi	2/1.5	725 (+1%)	12mo	$230,000	$317	87
900 Golden Wheel Park #15	0.00mi	2/1.0	720 (0%)	23mo	$200,000	$278	81
900 Golden Wheel Park Dr #32	0.15mi	1/1.0 (-1)	624 (-13%)	20mo	$199,000	$319	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 · 4.25% rent growth · sell at horizon

5-year hold

• IRR: 8.8%
• Equity multiple: 1.35×
• Total profit: $21,497
• Equity at exit: $32,803

10-year hold

• IRR: 19.0%
• Equity multiple: 2.68×
• Total profit: $103,531
• Equity at exit: $19,022

Cash invested: $61,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City San Jose: 0 Strongly Tenant-Friendly · D+24

Apartment Rent Ordinance covers pre-1979 multifamily.

Methodology + full state rankings →

ZIP-level market 95112

• Rents YoY: 4.2%
• Active inventory: 104
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,984 high
• Mortgage (P&I): −$1,154
• Tax est. 1.5%: −$275 /mo · $3,300/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$627
• Net cashflow: $837

Break-even live

Break-even rent $1,925

Max offer price $220,000

Occupancy floor 67%

Sensitivity live

Price	-10% $989	-5% $913	+0% $837	+5% $761	+10% $685
Rent	-10% $601	-5% $719	+0% $837	+5% $955	+10% $1,073
Rate	-1.0pp $948	-0.5pp $893	base $837	+0.5pp $780	+1.0pp $722

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1331 Lakeshore Cir San Jose, CA	1.0–3.0	1.0–3.0	1017	$3,932	$3.86	2d	28	0.73mi
1501 Berryessa Rd San Jose, CA	2.0	1.0–2.0	966	$4,734	$4.90	2d	31	0.86mi
1543 Ambergrove Dr San Jose, CA	1.0	1.0	652	$2,700	$4.14	2d	2	0.87mi
925 N Bayshore Rd W Unit 925-07 San Jose, CA	1.0	1.0	437	$1,625	$3.72	11d	1	0.92mi
925 N Bayshore Rd W San Jose, CA	1.0	1.0	437	$1,850	$4.23	45d	1	0.92mi
925 N Bayshore Rd W San Jose, CA	1.0	1.0	437	$1,625	$3.72	13d	1	0.92mi
1416 Rue Avati Unit 3 San Jose, CA	1.0	1.0	420	$2,033	$4.84	2d	1	1.05mi
1700 N 1st St San Jose, CA	1.0–2.0	1.0–2.0	941	$3,667	$3.90	2d	8	1.07mi
60 E Rosemary St San Jose, CA	1.0	1.0	606	$2,202	$3.63	44d	1	1.15mi
30 E Rosemary St San Jose, CA	1.0	1.0	533	$2,026	$3.80	44d	1	1.21mi
1729 N 1st St San Jose, CA	1.0–2.0	1.0–2.0	887	$4,707	$5.31	2d	12	1.23mi
817 N 10th St San Jose, CA	2.0	1.0–2.0	851	$3,749	$4.40	2d	10	1.23mi
263 E Hedding St #1535 San Jose, CA	1.0–4.0	1.0–3.5	1629	$3,640	$2.23	4d	2	1.24mi
750 N 23rd St San Jose, CA	1.0–3.0	1.0	875	$2,799	$3.20	13d	1	1.24mi
415 E Taylor St San Jose, CA	2.0	1.0–2.0	900	$4,595	$5.11	2d	11	1.34mi
73 E Hedding St #1738 San Jose, CA	1.0	1.0	580	$2,720	$4.69	24d	1	1.42mi
630 N 16th St San Jose, CA	1.0	1.0	600	$1,995	$3.33	5d	1	1.43mi
67 E Hedding St #1737 San Jose, CA	1.0	1.0	580	$2,820	$4.86	44d	1	1.43mi
1231 Forrestal Ave Unit 2 San Jose, CA	1.0	1.0	433	$2,000	$4.62	13d	1	1.47mi

Listing history 19 events

1. 2026-06-21
   days on market $220,000 Active 118 DOM
2. 2026-06-18
   days on market $220,000 Active 115 DOM
3. 2026-06-17
   days on market $220,000 Active 114 DOM
4. 2026-06-16
   days on market $220,000 Active 113 DOM
5. 2026-06-15
   days on market $220,000 Active 112 DOM
6. 2026-06-13
   days on market $220,000 Active 110 DOM
7. 2026-06-13
   days on market $220,000 Active 109 DOM
8. 2026-06-09
   days on market $220,000 Active 106 DOM
9. 2026-06-08
   pricedays on market $220,000 Active 105 DOM
10. 2026-06-07
    days on market $230,000 Active 104 DOM
11. 2026-06-05
    days on market $230,000 Active 101 DOM
12. 2026-06-03
    days on market $230,000 Active 100 DOM
13. 2026-06-02
    days on market $230,000 Active 99 DOM
14. 2026-06-01
    days on market $230,000 Active 98 DOM
15. 2026-05-31
    days on market $230,000 Active 97 DOM
16. 2026-03-17
    price $240,000 723-char remark

    Show marketing remark (723 chars)

    Updated 2-bedroom, 1-bathroom mobile home located in the Golden Wheel community. Built in 1972 and approximately 720 sq. ft. , this home features recent improvements including new flooring, updated light fixtures, a remodeled bathroom with a new sink and tile, and fresh interior paint. The exterior has also been freshly painted, and the fence has been repaired, giving the home a clean and well-maintained appearance. Golden Wheel is a well-established community offering convenient access to shopping, dining, and everyday essentials. Ideally located near major highways 680, 880, and 101, making commuting throughout Silicon Valley simple and convenient. A great opportunity for affordable living in a central location.

17. 2026-03-17
    price $240,000 723-char remark

    Show marketing remark (723 chars)

    Updated 2-bedroom, 1-bathroom mobile home located in the Golden Wheel community. Built in 1972 and approximately 720 sq. ft. , this home features recent improvements including new flooring, updated light fixtures, a remodeled bathroom with a new sink and tile, and fresh interior paint. The exterior has also been freshly painted, and the fence has been repaired, giving the home a clean and well-maintained appearance. Golden Wheel is a well-established community offering convenient access to shopping, dining, and everyday essentials. Ideally located near major highways 680, 880, and 101, making commuting throughout Silicon Valley simple and convenient. A great opportunity for affordable living in a central location.

18. 2026-02-24
    listed $250,000 Active 723-char remark

    Show marketing remark (723 chars)

    Updated 2-bedroom, 1-bathroom mobile home located in the Golden Wheel community. Built in 1972 and approximately 720 sq. ft. , this home features recent improvements including new flooring, updated light fixtures, a remodeled bathroom with a new sink and tile, and fresh interior paint. The exterior has also been freshly painted, and the fence has been repaired, giving the home a clean and well-maintained appearance. Golden Wheel is a well-established community offering convenient access to shopping, dining, and everyday essentials. Ideally located near major highways 680, 880, and 101, making commuting throughout Silicon Valley simple and convenient. A great opportunity for affordable living in a central location.

19. 2026-02-24
    listed $250,000 Active 723-char remark

    Show marketing remark (723 chars)

    Updated 2-bedroom, 1-bathroom mobile home located in the Golden Wheel community. Built in 1972 and approximately 720 sq. ft. , this home features recent improvements including new flooring, updated light fixtures, a remodeled bathroom with a new sink and tile, and fresh interior paint. The exterior has also been freshly painted, and the fence has been repaired, giving the home a clean and well-maintained appearance. Golden Wheel is a well-established community offering convenient access to shopping, dining, and everyday essentials. Ideally located near major highways 680, 880, and 101, making commuting throughout Silicon Valley simple and convenient. A great opportunity for affordable living in a central location.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $35,807
• − Mortgage interest: −$12,323
• − Property taxes: −$3,300
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,865
• − Management: −$2,865
• − Depreciation: −$6,400
• Taxable income: $6,954
• Est. tax owed @ 24.0%: −$1,669
• After-tax cash flow: $8,374/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: Orchard Elementary
• NCES district ID: 0628680
• Math proficiency: 51% ▲ 1.00%
• Reading proficiency: 60% ▲ 5.00%
• Median HH income: $108,165
• Composite: 54.67/100
• National rank: #2853
• State rank: #225 of 1400 in CA

Livability — San Jose

• Score: 78/100
• State rank: #68
• US rank: #2559

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Jose, CA
• County: Santa Clara County · 1,806,974 people
• City population: 954,479
• Metro: San Jose-Sunnyvale-Santa Clara, CA
• Population (ZIP): 57,373
• Household income: $89,103
• Rent vs Own: 73.6% rent · 26.4% own
• Severe rent burden: 4364.0

Population outlook (Santa Clara County) Hauer SSP2

• Today (2025): 2,179,074 people
• By 2030: 2,301,297 · +5.6%
• By 2040: 2,528,195 · +16.0%
• By 2050: 2,712,135 · +24.5%
• By 2075: 2,998,701 · +37.6%
• By 2100: 2,931,429 · +34.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Hispanic / Latino 41% Asian 27% White 22% Two or more races 18% Black 5% Native American 2%
• Hispanic origin (detail): Mexican 33%
• Common ancestry: Slovak 1% Lithuanian 1% Scotch-Irish 1%
• Foreign-born: 34% · Canada, Vietnam, China
• Languages at home: 48% English-only · Spanish 29% Vietnamese 9% Chinese 6%

Political lean MEDSL · Santa Clara

• 2024 margin: Solid D (+40.0) · D 68.1% · R 28.1% · Other 3.8%
• 2008→2024 swing: -0.9pp no change · 2008: 40.9pp · 2024: 40.0pp
• All cycles: 2024: D+40.0 2020: D+47.4 2016: D+52.5 2012: D+42.1 2008: D+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1025.61%
• Current HPI: 297.1788
• Rent YoY: ▲ 4.25%
• Metro: San Jose-Sunnyvale-Santa Clara, 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

-4.0% since first listed

4 events — show timeline

• 2026-03-17 Price Changed $240,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-03-17 Price Changed $240,000 MLSListings
• 2026-02-24 Listed $250,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-02-24 Listed $250,000 MLSListings