24892 4th St · Derby Acres, CA 93224

$150,000

5 bd · 1.0 ba · 2,443 sqft · SingleFamily public records · 23 Days on market

Built 1925 1.19 ac lot

---

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 +26.7/30.0
• DSCR +9.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• Appreciation +5.0/10.0
• Schools +4.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.2/5.0

Listing remarks MLS

Opportunity awaits! This fixer-upper sits on a spacious corner lot with over an acre of land, offering endless potential. The home does need work, but with the right vision and improvements, this property could truly shine. Plenty of room for expansion, storage, animals, RV parking, or future possibilities. Rare chance to own a large lot with so much potential at an affordable price. Bring your ideas and imagination!

Key facts

• Rv parking
• Spacious lot
• Room for expansion

Tags

• CORNER LOT
• SPACIOUS LOT
• ROOM FOR EXPANSION
• RV PARKING

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $280 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 45/100 on livability (#1,296 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: cost of living C-, employment D+, crime F.
• Midway Elementary (rural): math 45% / reading 50% proficiency, ranked #501 of 1,400 in CA (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Midway Elementary (math 24% / reading 44%, grade F, #719 of 1,571 statewide, top 48%, 85 students, 55% FRL); Taft Union High (math 8% / reading 47%, grade F, #785 of 1,170 statewide, top 67%, 1,102 students, 59% FRL) — zoned schools average 57% FRL vs 39% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 31% at this address vs 48% district-wide (-17 pts) — the specific schools serving this property underperform the Midway Elementary average; the district grade overstates school quality for this exact location.
• Market conditions: 5 active listings in the ZIP; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $4k appreciation (3.0% local appreciation)).
• 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 $42k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $28k; list at $150k implies a 436% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); major wildfire risk; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $147,750 (1.5% below list)

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.18% ✓
• Cap rate: 9.53%
• Cash-on-cash: 11.57%
• DSCR: 1.51
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.0%
• Equity multiple: 1.86×
• Total profit: $35,955
• Equity at exit: $67,446

10-year hold

• IRR: 16.7%
• Equity multiple: 3.46×
• Total profit: $103,176
• Equity at exit: $103,943

Cash invested: $42,000 (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 93224

• Active inventory: 5
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,775 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$149 /mo · $1,783/yr
• Insurance: −$62
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $280

Break-even live

Break-even rent $1,421

Max offer price $150,000

Occupancy floor 79%

Sensitivity live

Price	-10% $364	-5% $322	+0% $280	+5% $237	+10% $195
Rent	-10% $139	-5% $209	+0% $280	+5% $350	+10% $420
Rate	-1.0pp $355	-0.5pp $318	base $280	+0.5pp $241	+1.0pp $201

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $150,000 Active 23 DOM
2. 2026-06-18
   days on market $150,000 Active 20 DOM
3. 2026-06-17
   days on market $150,000 Active 19 DOM
4. 2026-06-16
   days on market $150,000 Active 18 DOM
5. 2026-06-15
   days on market $150,000 Active 17 DOM
6. 2026-06-14
   days on market $150,000 Active 15 DOM
7. 2026-06-13
   days on market $150,000 Active 14 DOM
8. 2026-06-10
   days on market $150,000 Active 12 DOM
9. 2026-06-09
   days on market $150,000 Active 11 DOM
10. 2026-06-08
    days on market $150,000 Active 10 DOM
11. 2026-06-07
    days on market $150,000 Active 9 DOM
12. 2026-06-05
    days on market $150,000 Active 6 DOM
13. 2026-06-03
    days on market $150,000 Active 5 DOM
14. 2026-06-03
    days on market $150,000 Active 4 DOM
15. 2026-06-01
    days on market $150,000 Active 3 DOM
16. 2026-05-31
    days on market $150,000 Active 2 DOM
17. 2026-05-29
    listed $150,000 Active 420-char remark

    Show marketing remark (420 chars)

    Opportunity awaits! This fixer-upper sits on a spacious corner lot with over an acre of land, offering endless potential. The home does need work, but with the right vision and improvements, this property could truly shine. Plenty of room for expansion, storage, animals, RV parking, or future possibilities. Rare chance to own a large lot with so much potential at an affordable price. Bring your ideas and imagination!

18. 1991-03-04
    soldstatus $28,000

ⓘ 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: $1,783 · $149/mo
• Projected year-2 tax: $1,783 · $149/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 A · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 6 d/yr ≥102°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 17 unhealthy d/yr today · 21 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,303
• − Mortgage interest: −$8,402
• − Property taxes: −$1,783
• − Insurance: −$2,252
• − Repairs & maintenance: −$1,704
• − Management: −$1,704
• − Depreciation: −$4,364
• Taxable income: $1,093
• Est. tax owed @ 24.0%: −$262
• After-tax cash flow: $3,092/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: Midway Elementary
• NCES district ID: 0624780
• Math proficiency: 45% ▼ -5.00%
• Reading proficiency: 50% ▬ 0.00%
• Median HH income: $51,112
• Composite: 42.93/100
• National rank: #6695
• State rank: #501 of 1400 in CA

Livability — Derby Acres

• Score: 45/100
• State rank: #1296
• US rank: #26581

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Derby Acres, CA
• Population (ZIP): 430

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: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 18% Two or more races 9%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Iranian 2% Slovak 1%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 14%

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: —
• Current HPI: —
• 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

+435.7% since first listed

2 events — show timeline

• 2026-05-29 Listed $150,000 GEMLS
• 1991-03-04 Sold (Public Records) $28,000 Public Records

Property tax history

+7.4%/yr

Latest (2025): $1,783 · +2.4% YoY. Source: county tax records.