Residential Income Property with Trex
For Sale
$295,000
97-13327 Casa Vista St, Poway, CA 92064
Updated manufactured home in an all-age community with extensive recreation, outdoor space, and convenient access to shared amenities.
Property Size1,248 SF
Price / SF$236.38
Days on Market11
Property Features for 97-13327 Casa Vista St
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
two swimming pools
spas
fitness center
tennis courts
basketball and volleyball courts
clubhouses
playgrounds
RV parking
greenbelt areas
Listing Agency:
Keller Williams Realty
(858) 229-9521
Listed By:
Dan Thompson
(858) 229-9521
Source:
Exprealty
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 21 at 9:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,248-square-foot manufactured home is located in Poway Royal Estates, an all-age residential community. Recent improvements include updated flooring, newer appliances, a newer water heater, an updated roof, and Trex decking. The home also offers extra parking and convenient proximity to the community mailbox.
Community amenities include two swimming pools, spas, a fitness center, tennis, basketball and volleyball courts, clubhouses, playgrounds, RV parking, greenbelt areas, and maintained grounds. The community is near shopping, dining, parks, schools, hiking trails, and other Poway destinations.
Community amenities include two swimming pools, spas, a fitness center, tennis, basketball and volleyball courts, clubhouses, playgrounds, RV parking, greenbelt areas, and maintained grounds. The community is near shopping, dining, parks, schools, hiking trails, and other Poway destinations.
Key Highlights
- 1,248‑square‑foot manufactured home in Poway Royal Estates
- Recent flooring, appliance, water heater, and roof updates
- Trex decking provides upgraded outdoor living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,736
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$414,720
$414.7K
Cap Rate 7%
$296,229
$296.2K
Cap Rate 9%
$230,400
$230.4K
Market Conditions
NOI Build-Up for 1,248 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.7K $31.80/SF
− Vacancy
−$2.0K −$1.59/SF
EGI
$37.7K $30.21/SF
− OpEx
−$17.0K −$13.59/SF
NOI
$20.7K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$414,720
Cap Rate 7%
$296,229
Cap Rate 9%
$230,400
Alternative Uses
Best Use
Apartment 5plus
$296.2K
$259.2K – $345.6K
NOI $20,736 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$571.8K
$500.3K – $667.1K
NOI $40,025 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
Explore this area
Business Placement
Demographics for 92064, CA
48,884
Population
16,987
Households
2.9
Avg Household Size
42
Median Age
54%
College-Educated
94%
High-School Grad
42.3 sq mi
ZIP Area
1,156
Density / Sq Mi
$144,201
Median Household Income
$66,906
Median Earnings
$2,261
Median Rent
$971,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated manufactured home in an all-age community with extensive recreation, outdoor space, and convenient access to shared amenities.
Where is this residential income property located?
The property is located at 97-13327 Casa Vista St Poway, CA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,248‑square‑foot manufactured home in Poway Royal Estates; Recent flooring, appliance, water heater, and roof updates; Trex decking provides upgraded outdoor living space
