629 Woodrow St · Taft, CA 93268

$89,900

2 bd · 1.0 ba · 701 sqft · SingleFamily public records · 10 Days on market

Built 1917 3,049 sqft lot Est $132k · 32% under

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Why this score? — see what drove the C+ 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 +23.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +6.3/10.0
• Rent growth +5.0/5.0
• Schools +3.1/10.0
• Livability +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Cute and charming home in the heart of Taft, conveniently located feet away from Taft Union High School. Featuring 2 bedroom, 1 bathroom, with a shed and alley access. This home has great bones and plenty of potential for someone looking to add their own cosmetic touches and vision. Easy street parking right out front adds to the convenience.

Key facts

• Alley access
• Shed
• Easy street parking

Tags

• CONVENIENTLY LOCATED
• SHED
• ALLEY ACCESS
• EASY STREET PARKING

Property features AI

Exterior

• Utilities: Sewer service
• Home design: Single-family property; Owner-occupied
• Construction: Concrete perimeter foundation; Composition roof; Built on a 0.07-acre lot
• Exterior features: Lot in R1 zone; Subdivision: Southern Pacifics Land Cos; Cross street: Sixth St

Interior

• Bathrooms: 1 full bathroom
• Interior features: Formal living room; No fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $159 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Cap rate 8.4% vs local median 3.2% in Taft — 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 53/100 on livability (#945 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: cost of living C-, employment D+, schools D.
• Taft City (town): math 28% / reading 39% proficiency, ranked #946 of 1,400 in CA (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+13.6%/yr); 122 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $622 of loan paydown is wiped out by about $3k 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 + 8.0% rent growth), your $25k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $16k; list at $90k implies a 445% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 3→8/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $89,900

Questions for the listing agent

1. Built in 1917 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.13% ✓
• Cap rate: 8.41%
• Cash-on-cash: 7.57%
• DSCR: 1.34
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $131,788
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
610 4th St	0.26mi	2/1.0	762 (+9%)	16mo	$125,000	$164	60
406 5th St	0.24mi	2/1.0	612 (-13%)	11mo	$115,000	$188	58
218 Warren St	0.39mi	2/1.0	660 (-6%)	20mo	$154,500	$234	56
218 San Emidio St	0.37mi	2/1.0	786 (+12%)	13mo	$145,000	$184	51
614 Cedar St	0.60mi	2/1.0	636 (-9%)	10mo	$119,000	$187	49
115 Kern St	0.55mi	3/1.0 (+1)	739 (+5%)	18mo	$175,000	$237	45
144 Pico St	0.72mi	2/1.0	757 (+8%)	13mo	$50,000	$66	42
206 Fillmore St	0.52mi	2/1.0	784 (+12%)	19mo	$110,000	$140	40
213 E San Emidio St	0.68mi	1/1.0 (-1)	726 (+4%)	21mo	$199,900	$275	40
109 Franklin Ave	0.61mi	3/1.0 (+1)	787 (+12%)	20mo	$160,000	$203	30

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 0.9%
• Equity multiple: 1.04×
• Total profit: $923
• Equity at exit: $13,404

10-year hold

• IRR: 15.1%
• Equity multiple: 2.52×
• Total profit: $38,285
• Equity at exit: $7,773

Cash invested: $25,172 (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 93268

• Home prices YoY: -29.6%
• Rents YoY: 13.6%
• Active inventory: 122
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,012 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$132 /mo · $1,584/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $159

Break-even live

Break-even rent $811

Max offer price $89,900

Occupancy floor 79%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
319 1/2 San Emidio St Apt B Taft, CA	1.0	1.0	700	$900	$1.29	10d	1	0.31mi
155 1/2 North St Unit C Taft, CA	1.0	1.0	644	$875	$1.36	2d	1	0.52mi

Listing history 9 events

1. 2026-06-07
   statusdays on market $89,900 Pending 10 DOM
2. 2026-06-05
   days on market $89,900 Active 9 DOM
3. 2026-06-03
   days on market $89,900 Active 8 DOM
4. 2026-06-03
   days on market $89,900 Active 7 DOM
5. 2026-06-01
   days on market $89,900 Active 6 DOM
6. 2026-05-31
   days on market $89,900 Active 5 DOM
7. 2026-05-27
   listed $89,900 Active
8. 1990-02-07
   soldstatus $16,500
9. 1990-02-07
   soldstatus $16,500

ⓘ 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: $1,584 · $132/mo
• Projected year-2 tax: $1,584 · $132/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 7/10 Severe
• 🌡 Heat 8/10 Severe 3 d/yr ≥102°F today · 8 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 18 unhealthy d/yr today · 22 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,147
• − Mortgage interest: −$5,036
• − Property taxes: −$1,584
• − Insurance: −$450
• − Repairs & maintenance: −$972
• − Management: −$972
• − Depreciation: −$2,615
• Taxable income: $519
• Est. tax owed @ 24.0%: −$125
• After-tax cash flow: $1,781/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: Taft City
• NCES district ID: 0638700
• Math proficiency: 28% ▲ 2.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $42,498
• Composite: 31.06/100
• National rank: #11302
• State rank: #946 of 1400 in CA

Livability — Taft

• Score: 53/100
• State rank: #945
• US rank: #24400

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taft, CA
• County: Kern County · 710,371 people
• City population: 16,963
• Metro: Bakersfield, CA
• Population (ZIP): 16,963
• Household income: $57,778
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 819.0

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 (51%)
• Race & ethnicity: White 51% Hispanic / Latino 44% Two or more races 14%
• Hispanic origin (detail): Mexican 42%
• Common ancestry: Slovak 2% Italian 1% Portuguese 1%
• Foreign-born: 16% · Canada
• Languages at home: 65% English-only · Spanish 34%

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: ▼ -124.10%
• Current HPI: 295.2655
• Rent YoY: ▲ 13.62%
• 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

+444.8% since first listed

3 events — show timeline

• 2026-05-27 Listed $89,900 GEMLS
• 1990-02-07 Sold (Public Records) $16,500 Public Records
• 1990-02-07 Sold (Public Records) $16,500 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,584 · +1.0% YoY. Source: county tax records.