1456 E Philadelphia St Spc 424 · Ontario, CA 91761

$189,999

3 bd · 2.0 ba · 1,536 sqft · Manufactured public records · 6 Days on market

Built 1983 Est $147k · 29% over

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Why this score? — see what drove the C+ 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
• Schools +3.7/10.0
• Livability +3.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 3-bedroom 2 bath mobile home located in the exclusive Rancho Ontario. This home's floorplan boasts with a big living that offers a fireplace. The layout offers privacy for hosting, the main suite is located in the backside of the home and the guest bedrooms are on the front part of the home. The main suite has a stand-up shower and walk-in closet. The porch offers an open concept. The driveway can accommodate up to 3 vehicles depending on size. Newly renovated amenities await you offering a heated pool and spa opened year-round, a hall to host any event, our clubhouse offers a billiards room, card table room, a fitness room as well as a gym and a lounge area to just sit and relax. The Park also offers an active area with two pickleball courts, bocce ball and we didn't forget about your fur babies, two dog parks. Don't miss out on the opportunity to call this beauty your home.

Key facts

• Big shed
• Open concept
• Main suite

Tags

• MAIN SUITE
• OPEN CONCEPT
• BIG SHED
• OPEN PORCH
• HEATED POOL
• SPA

Property features AI

Finance

• Other: Park entry density: 6–10 units per acre; Property classified as double body type; Directions: Off Philadelphia St between Vineyard and Grove
• Financial info: Land lease: $1,800 monthly (park-reported)
• HOA & community: Senior community; Community amenities: pool, spa, clubhouse, gym/exercise room, billiard room, card room, meeting room, bocce ball court, pickleball, barbecue, dog park; Community features include street lighting; Park name: Rancho Ontario; Manager approval required; Pets allowed with breed restrictions

Exterior

• Parking: Carport (2 spaces); RV parking available for a fee
• Utilities: Public sewer; District/public water
• Home design: Single-story; Mobile home model: Bainbridge; Mobile home remains on site; Mobile dimensions approximately 24' x 64'; Entry located on Philadelphia St
• Construction: Year built per public records; Living area per public records
• Exterior features: Awning; No fencing; In-ground, heated gunite pool (community)

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central cooling; Central furnace heating
• Interior features: Ceiling fan; In-ground, heated gunite spa (community)
• Laundry & utility: Community laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $190k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $190k).
• Cap rate 15.0% vs local median 2.7% in Ontario — 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 (#435 in CA) — a middle-class / working-renter tenant base. Strengths: commute A-, housing B+; Watch: schools F, cost of living F, health & safety F.
• Ontario-Montclair (urban): math 35% / reading 44% proficiency, ranked #731 of 1,400 in CA (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 314 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).
• This rent runs 41% of the median local income ($101k/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 $6k 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 + 2.4% rent growth), your $53k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 6y ago; this cycle's ask is 92% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $80k; list at $190k implies a 137% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $189,999

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 14.99%
• Cash-on-cash: 31.06%
• DSCR: 2.38
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $147,456
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1456 E Philadelphia St Spc 424	0.00mi	3/2.0	1,536 (0%)	2mo	$80,000	$52	98
1456 E Philadelphia St Spc 390	0.00mi	3/2.0	1,469 (-4%)	1mo	$180,000	$123	92
1456 E Philadelphia #372	0.00mi	3/2.0	1,600 (+4%)	2mo	$96,000	$60	91
1456 E Philadelphia #24	0.00mi	2/2.0 (-1)	1,536 (0%)	5mo	$130,000	$85	91
1456 E Philadelphia St Spc 444	0.00mi	3/2.0	1,560 (+2%)	11mo	$150,000	$96	88
1456 E Philadelphia #2	0.00mi	3/2.0	1,425 (-7%)	3mo	$187,000	$131	85
1456 E Philadelphia St #230	0.00mi	3/2.0	1,495 (-3%)	15mo	$120,000	$80	83
1456 E Philadelphia St #101	0.00mi	3/2.0	1,602 (+4%)	15mo	$186,000	$116	81
1456 E PHILADELPHIA St #431	0.00mi	3/2.0	1,617 (+5%)	16mo	$148,000	$92	78
1456 E Philadelphia St #300	0.00mi	3/2.0	1,440 (-6%)	15mo	$164,900	$115	77
1456 E Philadelphia St Spc 344	0.00mi	3/2.0	1,670 (+9%)	12mo	$140,000	$84	76
1456 E Philadelphia St Spc 320	0.00mi	3/2.0	1,740 (+13%)	14mo	$195,000	$112	66

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 · 2.39% rent growth · sell at horizon

5-year hold

• IRR: 25.2%
• Equity multiple: 2.03×
• Total profit: $54,887
• Equity at exit: $28,329

10-year hold

• IRR: 32.5%
• Equity multiple: 3.87×
• Total profit: $152,513
• Equity at exit: $16,428

Cash invested: $53,200 (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.

Methodology + full state rankings →

ZIP-level market 91761

• Rents YoY: 2.4%
• Active inventory: 314
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $3,405 high
• Mortgage (P&I): −$996
• Tax est. 1.5%: −$237 /mo · $2,850/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$715
• Net cashflow: $1,377

Break-even live

Break-even rent $1,662

Max offer price $189,999

Occupancy floor 55%

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1110 E Philadelphia St Ontario, CA	1.0–2.0	1.0–2.0	904	$3,207	$3.55	1d	12	0.47mi
2632 S Augusta Ave Ontario, CA	4.0	2.5	1983	$4,500	$2.27	43d	1	0.58mi
2432 S Garfield Pl Ontario, CA	3.0	2.0	1118	$3,150	$2.82	1d	1	0.66mi
2631 S Cucamonga Ave Ontario, CA	3.0	2.5	1726	$3,400	$1.97	43d	1	0.71mi
2815 S Augusta Ave Ontario, CA	4.0	2.0	1524	$3,600	$2.36	1d	1	0.77mi
2042 S Bon View Ave Unit C Ontario, CA	2.0	2.5	1364	$2,700	$1.98	1d	1	0.85mi
629 E Madeleine Privado Ontario, CA	3.0	2.5	1465	$3,250	$2.22	21d	1	1.29mi
629 E Madeleine Privado Ontario, CA	3.0	2.5	1465	$3,350	$2.29	43d	1	1.29mi
2057 S Cherry Ave Ontario, CA	4.0	2.0	1236	$3,500	$2.83	1d	1	1.36mi

Listing history 6 events

1. 2026-06-18
   days on market $189,999 Coming Soon 6 DOM
2. 2026-06-17
   days on market $189,999 Coming Soon 5 DOM
3. 2026-06-16
   days on market $189,999 Coming Soon 4 DOM
4. 2026-06-15
   days on market $189,999 Coming Soon 3 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $189,999 Coming Soon 1 DOM

ⓘ 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 4/10 Moderate FEMA zone X · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 23 unhealthy d/yr today · 26 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,861
• − Mortgage interest: −$10,643
• − Property taxes: −$2,850
• − Insurance: −$950
• − Repairs & maintenance: −$3,269
• − Management: −$3,269
• − Depreciation: −$5,527
• Taxable income: $14,353
• Est. tax owed @ 24.0%: −$3,445
• After-tax cash flow: $13,079/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: Ontario-Montclair
• NCES district ID: 0628470
• Math proficiency: 35% ▲ 4.00%
• Reading proficiency: 44% ▲ 2.00%
• Median HH income: $50,668
• Composite: 36.57/100
• National rank: #9282
• State rank: #731 of 1400 in CA

Livability — Ontario

• Score: 63/100
• State rank: #435
• US rank: #14949

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ontario, CA
• County: San Bernardino County · 2,030,291 people
• City population: 183,440
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 62,935
• Household income: $100,578
• Rent vs Own: 30.7% rent · 69.3% own
• Severe rent burden: 1853.0

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: Predominantly Hispanic (66%)
• Race & ethnicity: Hispanic / Latino 66% Two or more races 23% White 15% Asian 9% Black 6% Native American 2%
• Hispanic origin (detail): Mexican 59%
• Common ancestry: Iranian 1% Lithuanian 1% Italian 1%
• Foreign-born: 24% · Canada, China, Vietnam
• Languages at home: 51% English-only · Spanish 41% Chinese 3% 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: ▼ -374.91%
• Current HPI: 400.5674
• Rent YoY: ▲ 2.39%
• 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
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+100.0% since first listed

17 events — show timeline

• 2026-06-12 Coming Soon $189,999 CRMLS
• 2026-04-16 Sold (MLS) $80,000 CRMLS
• 2026-04-01 Pending — CRMLS
• 2026-01-13 Listed $99,000 CRMLS
• 2025-12-05 Listing Removed — CRMLS
• 2025-10-08 Price Changed $90,000 CRMLS
• 2025-09-17 Price Changed $94,000 CRMLS
• 2025-07-01 Listed $99,000 CRMLS
• 2020-12-01 Sold (MLS) $85,000 CRMLS
• 2020-11-05 Relisted — CRMLS
• 2020-10-13 Pending — CRMLS
• 2020-10-02 Price Changed $89,999 CRMLS
• 2020-09-22 Price Changed $94,999 CRMLS
• 2020-09-14 Relisted — CRMLS
• 2020-09-14 Price Changed $98,999 CRMLS
• 2020-08-24 Contingent — CRMLS
• 2020-08-16 Listed $94,999 CRMLS

Property tax history

-0.1%/yr

Latest (2025): $174 · +0.3% YoY. Source: county tax records.