832 Dolphin Ave · Ridgecrest, CA 93555

$49,999

3 bd · 1.0 ba · 1,440 sqft · Manufactured · 1 Days on market

Built 1979 Poor condition 0.52 ac lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• Schools +2.9/10.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Value-Add Project on Approx. 0.52 Acres. Flipper paradise or weekend project with room to create value. This 3-bedroom, 1-bath manufactured home offers 1,440 sq. ft. on an approx. 22,651 sq. ft. lot, about 0.52 acres. Best suited for flippers, investors, contractors, DIY buyers, or end buyers who understand renovation work and want land, space, and upside. The home needs work. Some features, systems, and property components are not currently functioning. Seller will make no repairs. Property is sold strictly as-is. Buyer to complete all inspections and verify condition, utilities, permits, square footage, zoning, systems, and all property details. Important photo note: Some marketing photos

Key facts

• Large lot
• Ridgecrest area
• 0.52 acre lot

Tags

• RIDGECREST AREA
• LARGE LOT

Property features AI

Exterior

• Utilities: Public water; Natural gas available
• Home design: Manufactured home (double-wide); Single-story
• Construction: Residential property; Not affixed (MFG 433a - double-wide); CC&R's not required, listed as fixer upper
• Exterior features: Fenced yard; RV/boat storage; Has a view; Satellite dish

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: No cooling listed
• Interior features: Vaulted ceilings; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $50k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $925 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Cap rate 28.5% vs local median 4.0% in Ridgecrest — 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 70/100 on livability (#243 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: schools C-, amenities D+, cost of living D+.
• Sierra Sands Unified (town): math 25% / reading 39% proficiency, ranked #294 of 517 in CA (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 328 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $345 of loan paydown is wiped out by about $2k 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 + 3.6% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $49,999

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 3.22% ✓
• Cap rate: 28.49%
• Cash-on-cash: 79.28%
• DSCR: 4.53
• GRM: 2.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.58% rent growth · sell at horizon

5-year hold

• IRR: 80.1%
• Equity multiple: 4.70×
• Total profit: $51,776
• Equity at exit: $7,455

10-year hold

• IRR: 83.7%
• Equity multiple: 9.93×
• Total profit: $124,960
• Equity at exit: $4,323

Cash invested: $14,000 (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 93555

• Home prices YoY: -24.0%
• Rents YoY: 3.6%
• Active inventory: 328
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,608 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $925

Break-even live

Break-even rent $437

Max offer price $49,999

Occupancy floor 37%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
920 W Perch Ave Ridgecrest, CA	3.0	2.0	1326	$1,450	$1.09	11d	1	0.31mi
922 W Vulcan Ave Ridgecrest, CA	3.0	2.0	1458	$2,100	$1.44	44d	1	0.44mi
1000 W Coronado Ave Ridgecrest, CA	3.0	2.0	1161	$1,600	$1.38	44d	1	0.57mi
804 S Nevada St Ridgecrest, CA	4.0	2.0	1470	$1,900	$1.29	44d	1	0.58mi
936 W Boston Ave Ridgecrest, CA	4.0	2.0	1835	$2,100	$1.14	44d	1	0.73mi
1205 W Mariposa Ave Unit B Ridgecrest, CA	3.0	2.0	1300	$1,550	$1.19	3d	1	0.75mi
824 S Norma St Unit 832A Ridgecrest, CA	3.0	2.0	925	$1,650	$1.78	3d	1	0.80mi
707 S Norma St Ridgecrest, CA	2.0	1.0	950	$1,000	$1.05	3d	1	0.86mi
1215 Beasley St Ridgecrest, CA	4.0	2.0	1634	$1,700	$1.04	3d	1	0.94mi
1140 College Heights Blvd Ridgecrest, CA	2.0	1.0	950	$1,050	$1.11	3d	1	1.03mi
1217 W Upjohn Ave Ridgecrest, CA	3.0	1.0	936	$950	$1.01	3d	1	1.05mi
413 S Sunset St Unit C Ridgecrest, CA	2.0	1.0	900	$1,050	$1.17	3d	1	1.14mi
320 Vista St Ridgecrest, CA	4.0	2.0	1556	$1,950	$1.25	44d	1	1.17mi
430 W Wilson Ave Ridgecrest, CA	3.0	1.0	1080	$1,350	$1.25	3d	1	1.25mi
740 W Church Ave Ridgecrest, CA	4.0	2.0	1500	$1,800	$1.20	19d	1	1.26mi
424 W Wilson Ave Unit A Ridgecrest, CA	2.0	1.0	900	$995	$1.11	3d	1	1.26mi
141 W Upjohn Ave Unit 109 Ridgecrest, CA	2.0	2.0	1000	$1,100	$1.10	3d	1	1.31mi
308 W Wilson Ave Apt B Ridgecrest, CA	2.0	1.0	880	$1,275	$1.45	3d	1	1.34mi
219 W Robertson Rd Ridgecrest, CA	3.0	1.0	955	$1,200	$1.26	19d	1	1.42mi
204 W Robertson Rd Apt C Ridgecrest, CA	2.0	1.0	1215	$1,150	$0.95	44d	1	1.47mi

Listing history 3 events

1. 2026-06-05
   status $49,999 Pending 1 DOM
2. 2026-06-03
   remarks 699-char remark
3. 2026-06-03
   listed $49,999 Active 1 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 22 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 14 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,298
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$1,544
• − Management: −$1,544
• − Depreciation: −$1,455
• Taxable income: $10,955
• Est. tax owed @ 24.0%: −$2,629
• After-tax cash flow: $8,470/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.

Condition & rehab AI · 11 photos

Poor 20/100 Extensive rehab

This manufactured home requires extensive repairs and updates, including roof replacement, exterior siding repair, and interior renovations, to become move-in ready and increase its value.

Repairs flagged

• Major roof — Severe damage and wear.
• Major exterior siding — Damaged and weathered.
• Major interior walls — Paint peeling and walls damaged.
• Major windows — Broken or missing windows.
• Major HVAC/mechanicals — No visible photos, but likely non-functional based on overall condition.
• Major landscaping — Overgrown and unkempt.

Value-add opportunities

• Both Roof replacement — Critical to safety and value of the property.
• Both Exterior siding repair/replacement — Improves curb appeal and structural integrity.
• Both Interior wall repairs and painting — Enhances living space and value.
• Both Window repairs/replacement — Improves safety and energy efficiency.
• Both HVAC system replacement — Improves comfort and energy efficiency.
• Both Landscaping and curb appeal improvements — Enhances property value and appeal.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Severe damage and wear.	Major	$15,000–50,000
exterior siding · Damaged and weathered.	Major	$15,000–50,000
interior walls · Paint peeling and walls damaged.	Major	$15,000–50,000
windows · Broken or missing windows.	Major	$15,000–50,000
HVAC/mechanicals · No visible photos, but likely non-functional based on overall condition.	Major	$15,000–50,000
landscaping · Overgrown and unkempt.	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Both Roof replacement — Critical to safety and value of the property. ↑
• Both Exterior siding repair/replacement — Improves curb appeal and structural integrity. ↑
• Both Interior wall repairs and painting — Enhances living space and value. ↑
• Both Window repairs/replacement — Improves safety and energy efficiency. ↑
• Both HVAC system replacement — Improves comfort and energy efficiency. ↑
• Both Landscaping and curb appeal improvements — Enhances property value and appeal. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Sierra Sands Unified
• NCES district ID: 0636800
• Math proficiency: 25% ▼ -11.00%
• Reading proficiency: 39% ▼ -11.00%
• Median HH income: $58,937
• Composite: 28.66/100
• National rank: #6699
• State rank: #294 of 517 in CA

Livability — Ridgecrest

• Score: 70/100
• State rank: #243
• US rank: #8014

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgecrest, CA
• County: Kern County · 710,371 people
• City population: 33,845
• Metro: Bakersfield, CA
• Population (ZIP): 33,845
• Household income: $86,700
• Rent vs Own: 37.5% rent · 62.5% own
• Severe rent burden: 975.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 20% Two or more races 12% Black 4% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 1% Other Asian/Pacific 1%

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: ▼ -120.17%
• Current HPI: 380.5208
• Rent YoY: ▲ 3.58%
• Metro: Bakersfield, CA
• 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

1 event — show timeline

• 2026-06-02 Listed $49,999 SSMLS