2621 Prescott Rd #242 · Modesto, CA 95350

$99,900

2 bd · 2.0 ba · 4,604 sqft · Manufactured · 41 Days on market

Built 1971 Good condition

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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 +7.5/15.0
• Condition / age +3.8/5.0
• Livability +3.2/5.0
• Rent growth +3.1/5.0
• Schools +2.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Friendly Village of Modesto, a desirable gated 55+ senior community offering comfort, convenience, and an active lifestyle. This spacious manufactured home features 3 bedrooms and 2 bathrooms with an open concept floor plan filled with natural light.Additional highlights include covered parking, a deep driveway, and a storage shed, providing both convenience and extra space. The community amenities include a clubhouse, pool, spa, fitness center, billiards, mini golf, BBQ area, RV storage, and dog run, along with planned social activities that foster a welcoming neighborhood atmosphere.

Key facts

• Gated community
• Covered parking
• Clubhouse

Tags

• GATED COMMUNITY
• OPEN CONCEPT FLOOR PLAN
• COVERED PARKING
• DEEP DRIVEWAY
• STORAGE SHED
• CLUBHOUSE

Property features AI

Finance

• Other: Living area approximately 4,604; Property primary ID 739483; Section serial number S44166
• HOA & community: Owner equity park home site

Exterior

• Parking: Assigned space number 242 (space rent $945/month)
• Utilities: Public water; Public utilities; Individual gas meters; Sewer: other
• Home design: Single-story property
• Exterior features: Other roof (see remarks)

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Formal dining room; Central forced air heating and cooling

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $100k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $756 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.4% vs local median 3.2% in Modesto — 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 63/100 on livability (#451 in CA) — a middle-class / working-renter tenant base. Strengths: housing A+; Watch: amenities C-, schools D+, health & safety D+.
• Stanislaus Union Elementary (urban): math 24% / reading 35% proficiency, ranked #344 of 517 in CA (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+2.2%/yr); 161 active listings in the ZIP; solid renter incomes; 923 units permitted in Stanislaus County in 2024 (63 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Stanislaus 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 $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.83% ✓
• Cap rate: 15.38%
• Cash-on-cash: 32.44%
• DSCR: 2.44
• GRM: 4.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.25% rent growth · sell at horizon

5-year hold

• IRR: 26.7%
• Equity multiple: 2.10×
• Total profit: $30,635
• Equity at exit: $14,895

10-year hold

• IRR: 33.8%
• Equity multiple: 3.98×
• Total profit: $83,266
• Equity at exit: $8,638

Cash invested: $27,972 (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 95350

• Rents YoY: 2.2%
• Active inventory: 161
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,831 medium
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $756

Break-even live

Break-even rent $874

Max offer price $99,900

Occupancy floor 54%

Sensitivity live

Price	-10% $825	-5% $791	+0% $756	+5% $722	+10% $687
Rent	-10% $612	-5% $684	+0% $756	+5% $829	+10% $901
Rate	-1.0pp $807	-0.5pp $782	base $756	+0.5pp $730	+1.0pp $704

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $99,900 Active 41 DOM
2. 2026-06-17
   days on market $99,900 Active 40 DOM
3. 2026-06-16
   days on market $99,900 Active 39 DOM
4. 2026-06-15
   days on market $99,900 Active 38 DOM
5. 2026-06-14
   days on market $99,900 Active 36 DOM
6. 2026-06-13
   days on market $99,900 Active 35 DOM
7. 2026-06-10
   days on market $99,900 Active 33 DOM
8. 2026-06-09
   days on market $99,900 Active 32 DOM
9. 2026-06-08
   days on market $99,900 Active 31 DOM
10. 2026-06-07
    days on market $99,900 Active 30 DOM
11. 2026-06-03
    days on market $99,900 Active 26 DOM
12. 2026-06-02
    days on market $99,900 Active 25 DOM
13. 2026-06-01
    days on market $99,900 Active 24 DOM
14. 2026-05-31
    days on market $99,900 Active 23 DOM
15. 2026-05-30
    days on market $99,900 Active 22 DOM
16. 2026-05-08
    listed $99,900 Active 603-char remark

    Show marketing remark (603 chars)

    Welcome to Friendly Village of Modesto, a desirable gated 55+ senior community offering comfort, convenience, and an active lifestyle. This spacious manufactured home features 3 bedrooms and 2 bathrooms with an open concept floor plan filled with natural light.Additional highlights include covered parking, a deep driveway, and a storage shed, providing both convenience and extra space. The community amenities include a clubhouse, pool, spa, fitness center, billiards, mini golf, BBQ area, RV storage, and dog run, along with planned social activities that foster a welcoming neighborhood atmosphere.

17. 2026-05-08
    listed $99,900 Active 603-char remark

    Show marketing remark (603 chars)

    Welcome to Friendly Village of Modesto, a desirable gated 55+ senior community offering comfort, convenience, and an active lifestyle. This spacious manufactured home features 3 bedrooms and 2 bathrooms with an open concept floor plan filled with natural light.Additional highlights include covered parking, a deep driveway, and a storage shed, providing both convenience and extra space. The community amenities include a clubhouse, pool, spa, fitness center, billiards, mini golf, BBQ area, RV storage, and dog run, along with planned social activities that foster a welcoming neighborhood atmosphere.

18. 2026-03-18
    historical
19. 2026-01-30
    listed 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 28 unhealthy d/yr today · 32 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,974
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$1,758
• − Management: −$1,758
• − Depreciation: −$2,906
• Taxable income: $7,958
• Est. tax owed @ 24.0%: −$1,910
• After-tax cash flow: $7,165/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 · 6 photos

Good 75/100 Cosmetic rehab

This manufactured home in a desirable gated community is in good condition with minimal repairs needed. A fresh coat of paint on the exterior siding and cleaning the windows would significantly enhance its curb appeal and value.

Value-add opportunities

• Both Paint the exterior siding — Fresh paint can enhance curb appeal and the home's overall appearance.
• Both Clean the windows — Clean windows improve natural light and the home's overall appearance, making it more attractive to potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior siding — Fresh paint can enhance curb appeal and the home's overall appearance. ↑
• Both Clean the windows — Clean windows improve natural light and the home's overall appearance, making it more attractive to potential buyers or renters. ↑

ⓘ 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: Stanislaus Union Elementary
• NCES district ID: 0637950
• Math proficiency: 24% ▼ -14.00%
• Reading proficiency: 35% ▼ -12.00%
• Median HH income: $53,731
• Composite: 26.11/100
• National rank: #7286
• State rank: #344 of 517 in CA

Livability — Modesto

• Score: 63/100
• State rank: #451
• US rank: #15229

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Modesto, CA
• County: Stanislaus County · 445,786 people
• City population: 225,261
• Metro: Modesto, CA
• Population (ZIP): 57,136
• Household income: $75,621
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 2163.0

Population outlook (Stanislaus County) Hauer SSP2

• Today (2025): 579,493 people
• By 2030: 598,000 · +3.2%
• By 2040: 630,930 · +8.9%
• By 2050: 658,300 · +13.6%
• By 2075: 712,363 · +22.9%
• By 2100: 719,805 · +24.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 45% Hispanic / Latino 39% Two or more races 19% Asian 6% Black 5% Native American 2%
• Hispanic origin (detail): Mexican 35%
• Common ancestry: Russian 3% Slovak 2% Portuguese 1%
• Foreign-born: 14% · Canada, Vietnam
• Languages at home: 70% English-only · Spanish 23% Other Indo-European 3% Other Asian/Pacific 1%

Political lean MEDSL · Stanislaus

• 2024 margin: R (+11.0) · D 43.2% · R 54.2% · Other 2.6%
• 2008→2024 swing: -12.7pp toward R · 2008: 1.7pp · 2024: -11.0pp
• All cycles: 2024: R+11.0 2020: D+0.8 2016: D+0.6 2012: D+0.7 2008: D+1.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -555.05%
• Current HPI: 307.9532
• Rent YoY: ▲ 2.25%
• Metro: Modesto, 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

+0.0% since first listed

4 events — show timeline

• 2026-05-08 Listed $99,900 MLSListings
• 2026-05-08 Listed $99,900 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-03-18 Listing Removed — bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2026-01-30 Listed — bridgeMLS, Bay East AOR, or Contra Costa AOR