5001 W Florida Ave Space 487
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Nearby Schools
Educational options and performance ratings in the area.
Harmony Elementary School
Diamond Valley Middle School
West Valley High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
While the paper metrics for this Hemet manufactured home are highly attractive, boasting an exceptional 29.3% rental yield and $1,452 monthly cash flow on a low $74,995 purchase price, a conservative analysis reveals significant underlying risks. Manufactured homes in parks typically do not own the land, meaning high monthly lot rent can severely erode these cash flow projections. Furthermore, most park associations strictly prohibit subleasing or operating the property as a rental unit. Financing for manufactured homes is difficult to secure, and true appreciation is often negligible compared to traditional real estate, rendering this a highly speculative play.
- • Extremely low acquisition cost under $75,000
- • Highly attractive theoretical cash flow and yield on paper
- • Spacious 1,440 sqft 2-bed, 2-bath layout
- • High probability of park rules prohibiting subleasing to tenants
- • Unaccounted monthly lot lease fees which will drastically reduce actual cash flow
- • Historically poor appreciation rates for manufactured homes on leased land
- • Difficult financing environment requiring cash or high-interest personal loans
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-22 | Listed for sale | $74,995 | $52 |
| 2026-07-18 | Pending sale | $74,995 | $52 |
| 2026-04-12 | Listed for sale | $74,995 | $52 |
| 2011-08-07 | Listing removed | $29,000 | $20 |
| 2011-05-03 | Listed for sale | $29,000 | $20 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $23,375 |
| 2025 | $257.24 | $22,917 |
| 2024 | $252.24 | $22,468 |
| 2023 | $249.62 | $22,028 |
| 2022 | $244.74 | $21,597 |
| 2021 | $240.62 | $21,174 |
| 2020 | $237.22 | $20,957 |
| 2019 | $231.94 | $20,547 |
| 2018 | $224.6 | $20,145 |
| 2017 | $221.86 | $19,750 |
| 2016 | $221.86 | $19,363 |
| 2015 | $219.56 | $19,073 |
| 2014 | $209.42 | $18,700 |
| 2013 | $0 | $18,616 |
| 2012 | $0 | $18,251 |
| 2011 | $0 | $23,166 |
| 2010 | $0 | $23,166 |
| 2009 | $0 | $26,000 |
| 2008 | $0 | $32,221 |
| 2007 | $0 | $31,590 |
| 2006 | $0 | $30,971 |
| 2005 | $0 | $30,364 |
| 2003 | $0 | $29,224 |
| 2002 | $0 | $28,651 |
| 2001 | $210.9 | $28,090 |
| 2000 | $205.4 | $27,540 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $18,094/yr
On $17,249 invested
Prime loan qualification
Equity + cumulative cash
Monthly Cash Flow Breakdown
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