2218 Pardee Dr
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Nearby Schools
Educational options and performance ratings in the area.
Hazel Fischer Elementary School
Avery Middle School
Bret Harte Union 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
As a conservative analyst, 2218 Pardee Dr presents significant financial headwinds. While the entry price of $375,000 for a 3-bedroom single-family home in California is accessible, the underlying fundamentals are unfavorable. The property generates a substantial negative monthly cash flow of -$449.47, resulting in an annual out-of-pocket deficit of nearly $5,400. With a low gross rental yield of 4.63%, this investment fails to cover basic debt service and operating expenses, relying entirely on the projected 4% appreciation to build equity. Furthermore, Arnold's mountain location introduces elevated risk from wildfire insurance premiums and seasonal vacancy, making this a speculative cash-negative asset.
- • Accessible purchase price of $375,000 for a California single-family residence
- • Desirable 3-bed, 2-bath layout with decent square footage (1,432 sqft)
- • Steady projected regional appreciation of 4% per year
- • Severe negative monthly cash flow of -$449.47 requiring continuous out-of-pocket subsidization
- • Low 4.63% rental yield that underperforms relative to current cost of capital and risk-free rates
- • High vulnerability to rising property insurance premiums and potential coverage cancellations due to California wildfire risks
- • Reliance on speculative appreciation rather than cash-on-cash yield for investment viability
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-19 | Pending sale | $375,000 | $262 |
| 2026-06-16 | Listed for sale | $375,000 | $262 |
| 2011-03-23 | Sold | $256,000 | $179 |
| 2010-12-28 | Listed for sale | $265,000 | $185 |
| 2010-09-22 | Sold | $137,500 | $96 |
| 2010-08-07 | Listed for sale | $136,500 | $95 |
| 2005-09-02 | Sold | $311,000 | $217 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,092.38 | $327,966 |
| 2024 | $4,052.3 | $321,536 |
| 2023 | $3,976.42 | $315,233 |
| 2022 | $3,775.32 | $309,053 |
| 2021 | $3,756.76 | $302,994 |
| 2020 | $3,484.94 | $279,000 |
| 2019 | $3,271.52 | $258,000 |
| 2018 | $2,953.02 | $243,000 |
| 2017 | $0 | $229,000 |
| 2016 | $0 | $200,000 |
| 2015 | $0 | $200,000 |
| 2014 | $0 | $186,000 |
| 2013 | $0 | $179,000 |
| 2012 | $0 | $200,000 |
| 2011 | $0 | $137,500 |
| 2010 | $0 | $229,000 |
| 2009 | $0 | $248,000 |
| 2008 | $0 | $323,564 |
| 2007 | $0 | $317,220 |
| 2006 | $0 | $311,000 |
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: $14,531/yr
On $86,250 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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