1141 Mayo St · Ridgecrest, CA 93555

$149,500

3 bd · 2.0 ba · 1,152 sqft · SingleFamily public records · 3 Days on market

Built 1975 6,098 sqft lot Est $226k · 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 +22.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +5.1/10.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Make an appointment right away to get in on this great Mayo St. home!! priced to sell quick & 'as-is! Endless possibilities with this cute 3 bedroom + 2 bathroom home featuring a cozy living room with woodstove, newer furnace & stove. Lots of potential here, nice front yard & fully fenced private backyard with private covered patio, firepit & storage shed . .. situated in Ridgecrest Heights, a fantastic location. .. not far from anything! Not too much to do however bring your toolbox & be the first to get in on this hot deal while its still available!! Call or text for an appointment ASAP!

Key facts

• Cozy living room
• Firepit
• Newer furnace

Tags

• COZY LIVING ROOM
• WOODSTOVE
• NEWER FURNACE
• PRIVATE BACKYARD
• COVERED PATIO
• FIREPIT

Property features AI

Exterior

• Parking: 2-car garage; Garage door opener
• Utilities: Natural gas connected; Sewer connected
• Home design: Single family residence; Residential property (resale, site-built); R-1 zoning
• Construction: Wood siding; Stucco; Asphalt shingle roof
• Exterior features: Covered patio; Dog run; Partial fencing; Shed(s); Landscaped lot

Interior

• Kitchen: Dishwasher; Range; Oven
• Flooring: Laminate; Tile; Concrete
• Bathrooms: 2 full bathrooms
• Heating & cooling: Wood heating; Evaporative cooling
• Interior features: Dishwasher; Range; Oven; Gas water heater
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 8.3% 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; 21 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 $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $39k; list at $150k implies a 283% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 8→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,500

Questions for the listing agent

1. Built in 1975 — 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. 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?
4. 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.
5. 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.
6. 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: 1.01% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.29%
• DSCR: 1.32
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $225,792
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1436 S Farragut St	0.38mi	3/2.0	1,135 (-2%)	4mo	$242,300	$213	76
1441 S Yorktown St	0.42mi	3/2.0	1,131 (-2%)	4mo	$218,000	$193	74
914 W Dolphin Ave	0.37mi	3/2.0	1,216 (+6%)	1mo	$250,000	$206	73
1201 Porter St	0.06mi	3/2.0	1,300 (+13%)	5mo	$265,000	$204	72
1029 W Mariposa Ave	0.56mi	3/2.0	1,131 (-2%)	3mo	$230,000	$203	69
1213 S Mccall St	0.17mi	3/2.0	1,307 (+14%)	2mo	$255,000	$195	68
1240 S Mccall St	0.23mi	3/2.0	1,288 (+12%)	3mo	$235,000	$182	68
1144 W Benson Ave	0.66mi	3/2.0	1,148 (-0%)	2mo	$215,000	$187	67
1525 S Porter	0.47mi	3/1.0	1,108 (-4%)	6mo	$192,500	$174	63
1112 W Willow Ave	0.51mi	3/2.0	1,235 (+7%)	2mo	$241,900	$196	63
1204 S Mahan St	0.09mi	4/2.0 (+1)	1,320 (+15%)	8mo	$150,000	$114	60
930 W Hood Ave	0.40mi	2/2.0 (-1)	1,040 (-10%)	7mo	$215,000	$207	54

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 · 3.58% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-7,170
• Equity at exit: $22,291

10-year hold

• IRR: 5.7%
• Equity multiple: 1.43×
• Total profit: $18,177
• Equity at exit: $12,926

Cash invested: $41,860 (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: 8.2×

Monthly cashflow live

• Estimated rent: $1,516 high
• Mortgage (P&I): −$784
• Tax from tax record: −$97 /mo · $1,162/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $254

Break-even live

Break-even rent $1,194

Max offer price $149,500

Occupancy floor 78%

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: $37,375
• Closing costs: $4,485
• Reserves months: —
• Total cash needed: —

Rent comps 21 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	0.36mi
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	0.49mi
1205 W Mariposa Ave Unit B Ridgecrest, CA	3.0	2.0	1300	$1,550	$1.19	3d	1	0.50mi
1340 W Mariposa Ave Unit 1 Ridgecrest, CA	2.0	1.0	780	$1,495	$1.92	3d	1	0.55mi
804 S Nevada St Ridgecrest, CA	4.0	2.0	1470	$1,900	$1.29	44d	1	0.56mi
1217 W Upjohn Ave Ridgecrest, CA	3.0	1.0	936	$950	$1.01	3d	1	0.83mi
741 S Allen St Unit B Ridgecrest, CA	2.0	1.0	700	$950	$1.36	44d	1	0.93mi
736 S Norma St Unit C Ridgecrest, CA	2.0	1.0	800	$1,000	$1.25	3d	1	1.03mi
824 S Norma St Unit 848B Ridgecrest, CA	2.0	1.0	800	$1,350	$1.69	23d	1	1.04mi
824 S Norma St Unit 832A Ridgecrest, CA	3.0	2.0	925	$1,650	$1.78	3d	1	1.04mi
824 S Norma St Unit 804B Ridgecrest, CA	2.0	2.0	850	$1,550	$1.82	3d	1	1.04mi
824 S Norma St Unit 848A Ridgecrest, CA	2.0	1.0	800	$1,350	$1.69	3d	1	1.04mi
707 S Norma St Ridgecrest, CA	2.0	1.0	950	$1,000	$1.05	3d	1	1.05mi
413 S Sunset St Unit C Ridgecrest, CA	2.0	1.0	900	$1,050	$1.17	3d	1	1.21mi
740 W Church Ave Ridgecrest, CA	4.0	2.0	1500	$1,800	$1.20	19d	1	1.24mi
430 W Wilson Ave Ridgecrest, CA	3.0	1.0	1080	$1,350	$1.25	3d	1	1.36mi
424 W Wilson Ave Unit A Ridgecrest, CA	2.0	1.0	900	$995	$1.11	3d	1	1.38mi
327 W Haloid Ave Ridgecrest, CA	2.0	1.5	800	$1,100	$1.38	3d	1	1.39mi
1140 College Heights Blvd Ridgecrest, CA	2.0	1.0	950	$1,050	$1.11	3d	1	1.42mi
308 W Wilson Ave Apt B Ridgecrest, CA	2.0	1.0	880	$1,275	$1.45	3d	1	1.50mi

Listing history 4 events

1. 2026-05-23
   listed $149,500 Active
2. 2000-09-22
   soldstatus $39,000
3. 1996-05-31
   soldstatus $35,500
4. 1990-06-29
   soldstatus $71,000

ⓘ 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: $1,162 · $97/mo
• Projected year-2 tax: $1,162 · $97/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 8 d/yr ≥103°F today · 23 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: $18,190
• − Mortgage interest: −$8,374
• − Property taxes: −$1,162
• − Insurance: −$748
• − Repairs & maintenance: −$1,455
• − Management: −$1,455
• − Depreciation: −$4,349
• Taxable income: $646
• Est. tax owed @ 24.0%: −$155
• After-tax cash flow: $2,897/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: 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

+110.6% since first listed

4 events — show timeline

• 2026-05-23 Listed $149,500 SSMLS
• 2000-09-22 Sold (Public Records) $39,000 Public Records
• 1996-05-31 Sold (Public Records) $35,500 Public Records
• 1990-06-29 Sold (Public Records) $71,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $1,162 · +4.3% YoY. Source: county tax records.