12401 El Mirage St · Boron, CA 93516

$140,900

4 bd · 2.0 ba · 1,312 sqft · SingleFamily public records · 108 Days on market

Built 1957 0.29 ac lot $107/sqft · 38% below area Est $226k · 38% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Appreciation +3.3/10.0
• Livability +2.8/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Opportunity awaits at 12401 El Mirage St, Boron, CA. This 4-bedroom, 2-bathroom home offers approximately 1,312 square feet of living space on a generous approximately 12,000 square foot lot, providing room to reimagine and make it your own. The layout includes a kitchen that is open to the dining area, creating a connected space for everyday living and gatherings, along with a nicely sized living room that adds to the overall functionality of the home. With four bedrooms and two bathrooms, the floor plan offers flexibility for a variety of living arrangements and the opportunity to add your personal touches. The spacious backyard offers ample outdoor space with possibilities for gardening, recreation, or future improvements. In addition to parking in front of the property, there is also parking available on the side next to the garage area, offering added convenience. With its lot size and potential, this property presents an opportunity to customize and create a space tailored to your needs.

Key facts

• Spacious backyard
• Parking available
• Open kitchen

Tags

• OPEN KITCHEN
• SPACIOUS BACKYARD
• PARKING AVAILABLE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $141k.

Deal economics

• At list price, monthly cash flow is $573 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $141k).
• Recommended offer: $128k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 55/100 on livability (#857 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+, cost of living A; Watch: schools F, amenities F, commute F.
• Muroc Joint Unified (rural): math 22% / reading 39% proficiency, ranked #340 of 517 in CA (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 104 active listings in the ZIP; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $974 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Kern County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $40k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $141k implies a 101% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $128,219 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.34% ✓
• Cap rate: 11.18%
• Cash-on-cash: 17.44%
• DSCR: 1.78
• GRM: 6.2

CMA / ARV

• ARV (median comp): $226,409
• List price: $140,900
• Delta: -37.77%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24267 Tamarisk Ave	0.03mi	4/2.0	1,312 (0%)	20mo	$210,000	$160	82
24144 Joshua Ave	0.17mi	3/2.0 (-1)	1,390 (+6%)	2mo	$228,000	$164	75
24422 Tamarisk Ave	0.15mi	3/2.0 (-1)	1,155 (-12%)	3mo	$279,000	$242	66
24254 Chaparral Ave	0.17mi	4/2.0	1,150 (-12%)	9mo	$215,000	$187	64
24451 Tamarisk Ave	0.17mi	3/2.0 (-1)	1,194 (-9%)	9mo	$195,000	$163	64
12471 Sierra View St	0.23mi	3/2.0 (-1)	1,150 (-12%)	15mo	$200,000	$174	51
24463 Joshua Ave	0.18mi	3/2.0 (-1)	1,161 (-12%)	22mo	$225,000	$194	49
24357 Sage Ave	0.11mi	3/1.0 (-1)	1,120 (-15%)	21mo	$206,000	$184	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.8%
• Equity multiple: 1.35×
• Total profit: $13,674
• Equity at exit: $21,009

10-year hold

• IRR: 18.0%
• Equity multiple: 2.49×
• Total profit: $58,899
• Equity at exit: $12,182

Cash invested: $39,452 (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 93516

• Home prices YoY: -1.2%
• Active inventory: 104
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,889 medium
• Mortgage (P&I): −$739
• Tax from tax record: −$121 /mo · $1,456/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $573

Break-even live

Break-even rent $1,163

Max offer price $140,900

Occupancy floor 65%

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: $35,225
• Closing costs: $4,227
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $140,900 Active 108 DOM
2. 2026-06-17
   days on market $140,900 Active 107 DOM
3. 2026-06-16
   days on market $140,900 Active 106 DOM
4. 2026-06-15
   days on market $140,900 Active 105 DOM
5. 2026-06-13
   days on market $140,900 Active 103 DOM
6. 2026-06-13
   days on market $140,900 Active 102 DOM
7. 2026-06-09
   days on market $140,900 Active 99 DOM
8. 2026-06-08
   days on market $140,900 Active 98 DOM
9. 2026-06-07
   pricedays on market $140,900 Active 97 DOM
10. 2026-06-04
    days on market $159,900 Active 94 DOM
11. 2026-04-27
    price $159,900 1008-char remark

    Show marketing remark (1008 chars)

    Opportunity awaits at 12401 El Mirage St, Boron, CA. This 4-bedroom, 2-bathroom home offers approximately 1,312 square feet of living space on a generous approximately 12,000 square foot lot, providing room to reimagine and make it your own. The layout includes a kitchen that is open to the dining area, creating a connected space for everyday living and gatherings, along with a nicely sized living room that adds to the overall functionality of the home. With four bedrooms and two bathrooms, the floor plan offers flexibility for a variety of living arrangements and the opportunity to add your personal touches. The spacious backyard offers ample outdoor space with possibilities for gardening, recreation, or future improvements. In addition to parking in front of the property, there is also parking available on the side next to the garage area, offering added convenience. With its lot size and potential, this property presents an opportunity to customize and create a space tailored to your needs.

12. 2026-04-27
    price $159,900 1008-char remark

    Show marketing remark (1008 chars)

    Opportunity awaits at 12401 El Mirage St, Boron, CA. This 4-bedroom, 2-bathroom home offers approximately 1,312 square feet of living space on a generous approximately 12,000 square foot lot, providing room to reimagine and make it your own. The layout includes a kitchen that is open to the dining area, creating a connected space for everyday living and gatherings, along with a nicely sized living room that adds to the overall functionality of the home. With four bedrooms and two bathrooms, the floor plan offers flexibility for a variety of living arrangements and the opportunity to add your personal touches. The spacious backyard offers ample outdoor space with possibilities for gardening, recreation, or future improvements. In addition to parking in front of the property, there is also parking available on the side next to the garage area, offering added convenience. With its lot size and potential, this property presents an opportunity to customize and create a space tailored to your needs.

13. 2026-03-27
    price $169,900 1008-char remark

    Show marketing remark (1008 chars)

    Opportunity awaits at 12401 El Mirage St, Boron, CA. This 4-bedroom, 2-bathroom home offers approximately 1,312 square feet of living space on a generous approximately 12,000 square foot lot, providing room to reimagine and make it your own. The layout includes a kitchen that is open to the dining area, creating a connected space for everyday living and gatherings, along with a nicely sized living room that adds to the overall functionality of the home. With four bedrooms and two bathrooms, the floor plan offers flexibility for a variety of living arrangements and the opportunity to add your personal touches. The spacious backyard offers ample outdoor space with possibilities for gardening, recreation, or future improvements. In addition to parking in front of the property, there is also parking available on the side next to the garage area, offering added convenience. With its lot size and potential, this property presents an opportunity to customize and create a space tailored to your needs.

14. 2026-03-26
    price $169,900 1008-char remark

    Show marketing remark (1008 chars)

    Opportunity awaits at 12401 El Mirage St, Boron, CA. This 4-bedroom, 2-bathroom home offers approximately 1,312 square feet of living space on a generous approximately 12,000 square foot lot, providing room to reimagine and make it your own. The layout includes a kitchen that is open to the dining area, creating a connected space for everyday living and gatherings, along with a nicely sized living room that adds to the overall functionality of the home. With four bedrooms and two bathrooms, the floor plan offers flexibility for a variety of living arrangements and the opportunity to add your personal touches. The spacious backyard offers ample outdoor space with possibilities for gardening, recreation, or future improvements. In addition to parking in front of the property, there is also parking available on the side next to the garage area, offering added convenience. With its lot size and potential, this property presents an opportunity to customize and create a space tailored to your needs.

15. 2026-02-23
    listed $181,000 Active 1008-char remark

    Show marketing remark (1008 chars)

    Opportunity awaits at 12401 El Mirage St, Boron, CA. This 4-bedroom, 2-bathroom home offers approximately 1,312 square feet of living space on a generous approximately 12,000 square foot lot, providing room to reimagine and make it your own. The layout includes a kitchen that is open to the dining area, creating a connected space for everyday living and gatherings, along with a nicely sized living room that adds to the overall functionality of the home. With four bedrooms and two bathrooms, the floor plan offers flexibility for a variety of living arrangements and the opportunity to add your personal touches. The spacious backyard offers ample outdoor space with possibilities for gardening, recreation, or future improvements. In addition to parking in front of the property, there is also parking available on the side next to the garage area, offering added convenience. With its lot size and potential, this property presents an opportunity to customize and create a space tailored to your needs.

16. 2026-02-23
    listed $181,000 Active 1008-char remark

    Show marketing remark (1008 chars)

    Opportunity awaits at 12401 El Mirage St, Boron, CA. This 4-bedroom, 2-bathroom home offers approximately 1,312 square feet of living space on a generous approximately 12,000 square foot lot, providing room to reimagine and make it your own. The layout includes a kitchen that is open to the dining area, creating a connected space for everyday living and gatherings, along with a nicely sized living room that adds to the overall functionality of the home. With four bedrooms and two bathrooms, the floor plan offers flexibility for a variety of living arrangements and the opportunity to add your personal touches. The spacious backyard offers ample outdoor space with possibilities for gardening, recreation, or future improvements. In addition to parking in front of the property, there is also parking available on the side next to the garage area, offering added convenience. With its lot size and potential, this property presents an opportunity to customize and create a space tailored to your needs.

17. 1995-09-29
    soldstatus $70,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $1,456 · $121/mo
• Projected year-2 tax: $1,456 · $121/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 9 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,666
• − Mortgage interest: −$7,893
• − Property taxes: −$1,456
• − Insurance: −$704
• − Repairs & maintenance: −$1,813
• − Management: −$1,813
• − Depreciation: −$4,099
• Taxable income: $4,888
• Est. tax owed @ 24.0%: −$1,173
• After-tax cash flow: $5,706/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: Muroc Joint Unified
• NCES district ID: 0626490
• Math proficiency: 22% ▼ -13.00%
• Reading proficiency: 39% ▼ -9.00%
• Median HH income: $47,457
• Composite: 26.31/100
• National rank: #7241
• State rank: #340 of 517 in CA

Livability — Boron

• Score: 55/100
• State rank: #857
• US rank: #23452

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Boron, CA
• City population: 2,742
• Population (ZIP): 2,742

Population outlook (Kern County) Hauer SSP2

• Today (2025): 947,286 people
• By 2030: 978,984 · +3.3%
• By 2040: 1,045,018 · +10.3%
• By 2050: 1,105,232 · +16.7%
• By 2075: 1,229,538 · +29.8%
• By 2100: 1,238,059 · +30.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 43% Hispanic / Latino 35% Two or more races 20% Black 5% Native American 4% Asian 4%
• Hispanic origin (detail): Mexican 23% Dominican 5%
• Common ancestry: Italian 6% Iranian 2% Slovak 1%
• Foreign-born: 8% · Canada
• Languages at home: 71% English-only · Spanish 26% Tagalog/Filipino 2%

Political lean MEDSL · Kern

• 2024 margin: Strong R (+21.1) · D 38.2% · R 59.3% · Other 2.5%
• 2008→2024 swing: -3.3pp toward R · 2008: -17.8pp · 2024: -21.1pp
• All cycles: 2024: R+21.1 2020: R+10.2 2016: R+15.0 2012: R+20.9 2008: R+17.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.49%
• Current HPI: 296.934
• Rent YoY: —
• Metro: —
• 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

+128.4% since first listed

7 events — show timeline

• 2026-04-27 Price Changed $159,900 AVMLS
• 2026-04-27 Price Changed $159,900 CRMLS
• 2026-03-27 Price Changed $169,900 AVMLS
• 2026-03-26 Price Changed $169,900 CRMLS
• 2026-02-23 Listed $181,000 CRMLS
• 2026-02-23 Listed $181,000 AVMLS
• 1995-09-29 Sold (Public Records) $70,000 Public Records

Property tax history

+14.1%/yr

Latest (2025): $1,456 · -1.0% YoY. Source: county tax records.