31367 Delaware Rd · Coarsegold, CA 93614

$160,000

3 bd · 2.0 ba · 1,305 sqft · SingleFamily public records · 10 Days on market

Built 2002 1.00 ac lot Est $320k · 50% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.1/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming 3-bedroom, 2-bathroom property located in Indian Lakes is waiting for its next new family or investor. The home is situated in a park like setting with a level lot with room for your kids and the family dog. Located minutes from Chuckchansi Gold Resort and Casino, less than an hour from Yosemite National Park and less then 30 minutes to Bass Lake. Make your appointment today!

Key facts

• 1 acre lot
• 2 garage spots
• Built 2002

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $849 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $160k).
• Cap rate 13.2% vs local median 3.8% in Coarsegold — 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 62/100 on livability (#474 in CA) — a middle-class / working-renter tenant base. Strengths: housing A+, employment A-; Watch: crime C-, amenities F, cost of living F.
• Yosemite Unified (rural): math 23% / reading 38% proficiency, ranked #321 of 517 in CA (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Coarsegold Elementary (math 8% / reading 22%, grade F, #1,420 of 1,571 statewide, top 91%, 271 students, 70% FRL); Yosemite High (math 57% / reading 72%, grade B-, #165 of 1,170 statewide, top 15%, 553 students, 53% FRL) — zoned schools average 62% FRL vs 38% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 246 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,346 units permitted in Madera County in 2024 (8 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Madera County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wildfire risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $160,000

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 1.75% ✓
• Cap rate: 13.16%
• Cash-on-cash: 24.52%
• DSCR: 2.09
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $319,725
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
31367 Delaware Rd	0.00mi	3/2.0	1,305 (0%)	1mo	$177,000	$136	99
31548 Delaware Rd	0.19mi	4/2.0 (+1)	1,320 (+1%)	6mo	$340,000	$258	79
47616 Hopi Ave	0.21mi	3/2.0	1,344 (+3%)	13mo	$385,000	$286	75
31356 Mohawk Rd	0.25mi	3/2.0	1,202 (-8%)	14mo	$239,000	$199	64
31772 Comanche Rd	0.55mi	2/2.0 (-1)	1,310 (+0%)	12mo	$350,000	$267	59
31730 Erie Rd	0.37mi	2/2.0 (-1)	1,410 (+8%)	12mo	$345,000	$245	55
47651 Klamath Ave	0.74mi	3/2.0	1,463 (+12%)	4mo	$345,000	$236	42

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: 15.7%
• Equity multiple: 1.63×
• Total profit: $28,354
• Equity at exit: $23,857

10-year hold

• IRR: 24.4%
• Equity multiple: 3.12×
• Total profit: $95,141
• Equity at exit: $13,834

Cash invested: $44,800 (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 93614

• Home prices YoY: -32.1%
• Active inventory: 246
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $2,800 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$391 /mo · $4,688/yr
• Insurance: −$67
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $849

Break-even live

Break-even rent $1,725

Max offer price $160,000

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
31698 Comanche Rd Coarsegold, CA	3.0	2.0	1797	$2,800	$1.56	1d	1	0.48mi

Listing history 10 events

1. 2026-01-30
   status Pending
2. 2026-01-20
   listed $160,000 Active
3. 2024-04-19
   soldstatus $345,000 Closed 392-char remark

   Show marketing remark (392 chars)

   This charming 3-bedroom, 2-bathroom property located in Indian Lakes is waiting for its next new family or investor. The home is situated in a park like setting with a level lot with room for your kids and the family dog. Located minutes from Chuckchansi Gold Resort and Casino, less than an hour from Yosemite National Park and less then 30 minutes to Bass Lake. Make your appointment today!

4. 2024-04-19
   soldstatus $345,000 Closed Sale 392-char remark

   Show marketing remark (392 chars)

   This charming 3-bedroom, 2-bathroom property located in Indian Lakes is waiting for its next new family or investor. The home is situated in a park like setting with a level lot with room for your kids and the family dog. Located minutes from Chuckchansi Gold Resort and Casino, less than an hour from Yosemite National Park and less then 30 minutes to Bass Lake. Make your appointment today!

5. 2024-04-19
   soldstatus $345,000

   Show marketing remark (392 chars)

   This charming 3-bedroom, 2-bathroom property located in Indian Lakes is waiting for its next new family or investor. The home is situated in a park like setting with a level lot with room for your kids and the family dog. Located minutes from Chuckchansi Gold Resort and Casino, less than an hour from Yosemite National Park and less then 30 minutes to Bass Lake. Make your appointment today!

6. 2024-03-14
   status Pending Sale 392-char remark

   Show marketing remark (392 chars)

   This charming 3-bedroom, 2-bathroom property located in Indian Lakes is waiting for its next new family or investor. The home is situated in a park like setting with a level lot with room for your kids and the family dog. Located minutes from Chuckchansi Gold Resort and Casino, less than an hour from Yosemite National Park and less then 30 minutes to Bass Lake. Make your appointment today!

7. 2024-03-14
   status Pending 392-char remark

   Show marketing remark (392 chars)

   This charming 3-bedroom, 2-bathroom property located in Indian Lakes is waiting for its next new family or investor. The home is situated in a park like setting with a level lot with room for your kids and the family dog. Located minutes from Chuckchansi Gold Resort and Casino, less than an hour from Yosemite National Park and less then 30 minutes to Bass Lake. Make your appointment today!

8. 2024-03-07
   listed $342,000 Active 392-char remark

   Show marketing remark (392 chars)

   This charming 3-bedroom, 2-bathroom property located in Indian Lakes is waiting for its next new family or investor. The home is situated in a park like setting with a level lot with room for your kids and the family dog. Located minutes from Chuckchansi Gold Resort and Casino, less than an hour from Yosemite National Park and less then 30 minutes to Bass Lake. Make your appointment today!

9. 2024-03-06
   listed $342,000 Active 392-char remark

   Show marketing remark (392 chars)

   This charming 3-bedroom, 2-bathroom property located in Indian Lakes is waiting for its next new family or investor. The home is situated in a park like setting with a level lot with room for your kids and the family dog. Located minutes from Chuckchansi Gold Resort and Casino, less than an hour from Yosemite National Park and less then 30 minutes to Bass Lake. Make your appointment today!

10. 2002-11-27
    soldstatus $145,000

ⓘ 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: $4,688 · $391/mo
• Projected year-2 tax: $4,688 · $391/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 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 10/10 Extreme
• 🌡 Heat 6/10 Major 7 d/yr ≥102°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 54 unhealthy d/yr today · 66 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,600
• − Mortgage interest: −$8,962
• − Property taxes: −$4,688
• − Insurance: −$1,598
• − Repairs & maintenance: −$2,688
• − Management: −$2,688
• − Depreciation: −$4,655
• Taxable income: $8,321
• Est. tax owed @ 24.0%: −$1,997
• After-tax cash flow: $8,192/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: Yosemite Unified
• NCES district ID: 0600160
• Math proficiency: 23% ▼ -12.00%
• Reading proficiency: 38% ▼ -15.00%
• Median HH income: $53,950
• Composite: 26.94/100
• National rank: #7079
• State rank: #321 of 517 in CA

Livability — Coarsegold

• Score: 62/100
• State rank: #474
• US rank: #16129

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coarsegold, CA
• City population: 11,144
• Population (ZIP): 11,144

Population outlook (Madera County) Hauer SSP2

• Today (2025): 157,915 people
• By 2030: 159,604 · +1.1%
• By 2040: 163,454 · +3.5%
• By 2050: 167,071 · +5.8%
• By 2075: 171,182 · +8.4%
• By 2100: 162,781 · +3.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 14% Two or more races 13% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Slovak 4% Italian 2% Portuguese 2%
• Foreign-born: 3% · Canada, Vietnam, Jamaica
• Languages at home: 94% English-only · Spanish 5% Other Indo-European 1%

Political lean MEDSL · Madera

• 2024 margin: Strong R (+20.8) · D 38.4% · R 59.2% · Other 2.4%
• 2008→2024 swing: -7.5pp toward R · 2008: -13.3pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+11.6 2016: R+17.3 2012: R+19.4 2008: R+13.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -100.85%
• Current HPI: 212.7962
• 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

+10.3% since first listed

10 events — show timeline

• 2026-01-30 Pending — FRESNOMLS
• 2026-01-20 Listed $160,000 FRESNOMLS
• 2024-04-19 Sold (Public Records) $345,000 Public Records
• 2024-04-19 Sold (MLS) $345,000 CRMLS
• 2024-04-19 Sold (MLS) $345,000 FRESNOMLS
• 2024-03-14 Pending — CRMLS
• 2024-03-14 Pending — FRESNOMLS
• 2024-03-07 Listed $342,000 CRMLS
• 2024-03-06 Listed $342,000 FRESNOMLS
• 2002-11-27 Sold (Public Records) $145,000 Public Records

Property tax history

+10.0%/yr

Latest (2025): $4,688 · +120.9% YoY. Source: county tax records.