5902 Margaritha · Rosamond, CA 93560

$299,000

3 bd · 2.0 ba · 1,381 sqft · SingleFamily public records · 81 Days on market

Built 1989 0.82 ac lot $217/sqft · 34% below area Est $450k · 34% 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 +16.5/30.0
• ARV discount +15.0/15.0
• Appreciation +6.2/10.0
• DSCR +5.1/10.0
• 1% rule +3.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Escape to the wide-open beauty of rural Rosamond, where peaceful living meets endless skies and breathtaking mountain views. This 3-bedroom, 2-bath single-family residence offers 1,381 square feet of living space on an expansive 35,834 sq ft lot — nearly a full acre of land to call your own. Inside, you’ll find an open floor plan with great potential, ready for your vision and updates. The layout provides a comfortable flow between living spaces, making it ideal for reimagining into a charming country retreat or investment opportunity. Step outside and enjoy the serenity of rural living — wide open spaces, clear desert skies, and unforgettable sunsets set against the mountains. The generous lot offers ample room for outdoor living, expansion, recreation, or storage. The perfect location to grown your own food, raise livestock, and have that egg producing chicken coup you've always wanted! The possibilities are endless. Additional features include a 1-car garage, 1-car carport, shared well, propane, owned unconventional solar system, and septic system. Perfect for cash investors looking for a value-add opportunity. The home needs TLC, sold 'AS IS' and is priced according to its current condition. Don't miss this exceptional opportunity with amazing potential in a tranquil rural setting.

Key facts

• 0.82 acre lot
• Garage
• Built 1989

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $50 ($604/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $255k (14.7% below list).
• Recommended offer: $255k (14.7% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 4.3% in Rosamond — 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 49/100 on livability (#1,178 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: schools F, crime F, amenities F.
• Southern Kern Unified (town): math 25% / reading 25% proficiency, ranked #387 of 517 in CA (top 75%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 461 active listings in the ZIP; solid renter incomes; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($2k loan paydown + $7k appreciation (2.4% local appreciation)).
• Kern County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.4% appreciation + 3.0% rent growth), your $84k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 30y 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.
• Current owner paid $100k; list at $299k implies a 199% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $254,946 (14.7% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
7. 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.
8. 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.
9. 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: 0.85% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.52%
• DSCR: 1.11
• GRM: 9.8

CMA / ARV

• ARV (median comp): $449,957
• List price: $299,000
• Delta: -33.55%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5953 Willow Ave	0.54mi	4/2.0 (+1)	1,478 (+7%)	12mo	$590,000	$399	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.4% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.5%
• Equity multiple: 1.36×
• Total profit: $29,891
• Equity at exit: $124,542

10-year hold

• IRR: 9.6%
• Equity multiple: 2.36×
• Total profit: $113,793
• Equity at exit: $184,564

Cash invested: $83,720 (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 93560

• Home prices YoY: 0.6%
• Active inventory: 461
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,549 medium
• Mortgage (P&I): −$1,568
• Tax from tax record: −$146 /mo · $1,752/yr
• Insurance: −$125
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $50

Break-even live

Break-even rent $2,486

Max offer price $299,000

Occupancy floor 93%

Sensitivity live

Price	-10% $220	-5% $135	+0% $50	+5% $-34	+10% $-119
Rent	-10% $-151	-5% $-50	+0% $50	+5% $151	+10% $252
Rate	-1.0pp $201	-0.5pp $126	base $50	+0.5pp $-27	+1.0pp $-106

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-15
   days on market $299,000 Active 81 DOM
2. 2026-06-13
   days on market $299,000 Active 79 DOM
3. 2026-06-13
   days on market $299,000 Active 78 DOM
4. 2026-06-09
   days on market $299,000 Active 75 DOM
5. 2026-06-08
   days on market $299,000 Active 74 DOM
6. 2026-06-07
   days on market $299,000 Active 73 DOM
7. 2026-06-04
   days on market $299,000 Active 70 DOM
8. 2026-06-03
   days on market $299,000 Active 69 DOM
9. 2026-06-01
   days on market $299,000 Active 68 DOM
10. 2026-05-31
    days on market $299,000 Active 67 DOM
11. 2026-03-24
    listed $299,000 Active 1324-char remark

    Show marketing remark (1324 chars)

    Escape to the wide-open beauty of rural Rosamond, where peaceful living meets endless skies and breathtaking mountain views. This 3-bedroom, 2-bath single-family residence offers 1,381 square feet of living space on an expansive 35,834 sq ft lot — nearly a full acre of land to call your own. Inside, you’ll find an open floor plan with great potential, ready for your vision and updates. The layout provides a comfortable flow between living spaces, making it ideal for reimagining into a charming country retreat or investment opportunity. Step outside and enjoy the serenity of rural living — wide open spaces, clear desert skies, and unforgettable sunsets set against the mountains. The generous lot offers ample room for outdoor living, expansion, recreation, or storage. The perfect location to grown your own food, raise livestock, and have that egg producing chicken coup you've always wanted! The possibilities are endless. Additional features include a 1-car garage, 1-car carport, shared well, propane, owned unconventional solar system, and septic system. Perfect for cash investors looking for a value-add opportunity. The home needs TLC, sold 'AS IS' and is priced according to its current condition. Don't miss this exceptional opportunity with amazing potential in a tranquil rural setting.

12. 2026-03-03
    historical $299,000 1324-char remark

    Show marketing remark (1273 chars)

    Escape to the wide-open beauty of rural Rosamond, where peaceful living meets endless skies and breathtaking mountain views. This 3-bedroom, 2-bath single-family residence offers 1,381 square feet of living space on an expansive 35,834 sq ft lot -- nearly a full acre of land to call your own. Inside, you'll find an open floor plan with great potential, ready for your vision and updates. The layout provides a comfortable flow between living spaces, making it ideal for reimagining into a charming country retreat or investment opportunity. Step outside and enjoy the serenity of rural living -- wide open spaces, clear desert skies, and unforgettable sunsets set against the mountains. The generous lot offers ample room for outdoor living, expansion, recreation, or storage. The perfect location to grown your own food, raise livestock, and have that egg producing chicken coup you've always wanted! The possibilities are endless. Additional features include a 1-car garage, 1-car carport, shared well, propane, and septic system. Perfect for cash investors looking for a value-add opportunity. The home needs TLC, sold 'AS IS' and is priced according to its current condition. Don't miss this exceptional opportunity with amazing potential in a tranquil rural setting.

13. 2026-03-03
    listed $299,000 Active 1273-char remark

    Show marketing remark (1273 chars)

    Escape to the wide-open beauty of rural Rosamond, where peaceful living meets endless skies and breathtaking mountain views. This 3-bedroom, 2-bath single-family residence offers 1,381 square feet of living space on an expansive 35,834 sq ft lot -- nearly a full acre of land to call your own. Inside, you'll find an open floor plan with great potential, ready for your vision and updates. The layout provides a comfortable flow between living spaces, making it ideal for reimagining into a charming country retreat or investment opportunity. Step outside and enjoy the serenity of rural living -- wide open spaces, clear desert skies, and unforgettable sunsets set against the mountains. The generous lot offers ample room for outdoor living, expansion, recreation, or storage. The perfect location to grown your own food, raise livestock, and have that egg producing chicken coup you've always wanted! The possibilities are endless. Additional features include a 1-car garage, 1-car carport, shared well, propane, and septic system. Perfect for cash investors looking for a value-add opportunity. The home needs TLC, sold 'AS IS' and is priced according to its current condition. Don't miss this exceptional opportunity with amazing potential in a tranquil rural setting.

14. 2012-09-28
    soldstatus $99,890
15. 2012-09-28
    soldstatus $100,000
16. 2012-05-07
    listed $99,890
17. 2012-05-01
    soldstatus $51,000
18. 2011-11-18
    listed $79,750
19. 2005-12-09
    soldstatus $280,000
20. 1996-10-31
    soldstatus $76,000
21. 1996-10-31
    soldstatus $76,000
22. 1996-05-14
    listed $74,000

ⓘ 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: $1,752 · $146/mo
• Projected year-2 tax: $2,272 · $189/mo
• Expected delta: +$521/yr (+$43/mo · 29.7%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone A · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 14 unhealthy d/yr today · 18 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,594
• − Mortgage interest: −$16,749
• − Property taxes: −$1,752
• − Insurance: −$2,998
• − Repairs & maintenance: −$2,447
• − Management: −$2,447
• − Depreciation: −$8,698
• Taxable loss: −$4,498
• Est. tax savings @ 24.0%: +$1,079
• After-tax cash flow: $1,683/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: Southern Kern Unified
• NCES district ID: 0637620
• Math proficiency: 25% ▲ 7.00%
• Reading proficiency: 25% ▼ -8.00%
• Median HH income: $54,523
• Composite: 22.5/100
• National rank: #8093
• State rank: #387 of 517 in CA

Livability — Rosamond

• Score: 49/100
• State rank: #1178
• US rank: #25952

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rosamond, CA
• County: Kern County · 710,371 people
• City population: 22,119
• Metro: Bakersfield, CA
• Population (ZIP): 22,119
• Household income: $77,431
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 425.0

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: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Hispanic / Latino 45% White 32% Two or more races 17% Black 13% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 35%
• Common ancestry: Portuguese 2% Italian 2% Lithuanian 1%
• Foreign-born: 13% · Canada
• Languages at home: 68% English-only · Spanish 28% Other Indo-European 2% 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: ▲ 2.40%
• Current HPI: 403.7206
• Rent YoY: —
• 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

+304.1% since first listed

12 events — show timeline

• 2026-03-24 Listed $299,000 CRMLS
• 2026-03-03 Coming Soon $299,000 CRMLS
• 2026-03-03 Listed $299,000 AVMLS
• 2012-09-28 Sold (Public Records) $100,000 Public Records
• 2012-09-28 Sold (MLS) $99,890 AVMLS
• 2012-05-07 Listed $99,890 AVMLS
• 2012-05-01 Sold (MLS) $51,000 AVMLS
• 2011-11-18 Listed $79,750 AVMLS
• 2005-12-09 Sold (Public Records) $280,000 Public Records
• 1996-10-31 Sold (Public Records) $76,000 Public Records
• 1996-10-31 Sold (MLS) $76,000 AVMLS
• 1996-05-14 Listed $74,000 AVMLS

Property tax history

+3.2%/yr

Latest (2025): $1,752 · +6.3% YoY. Source: county tax records.