500 N G St · Madera, CA 93637

$244,900

3 bd · 1.0 ba · 1,328 sqft · SingleFamily public records · 22 Days on market

Built 1939 7,405 sqft lot $184/sqft · 23% below area Est $270k · 9% under ↓ 14% since listing

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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 +17.5/30.0
• ARV discount +11.7/15.0
• DSCR +5.5/10.0
• 1% rule +4.3/10.0
• Rent growth +3.7/5.0
• Schools +2.7/10.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention investors! Step back in time with this early California Spanish Bungalow....full of classic charm and original details. Featuring two bedrooms, one bath, formal living and dinning rooms, fireplace, breakfast nook, and a indoor laundry, this home is ready to be restored to its former glory. Located in central Madera, it sits on a very nice corner lot with a one car detached garage.This charmer has amazing potential. Just needs some TLC.

Key facts

• Breakfast nook
• Indoor laundry
• Corner lot

Tags

• CALIFORNIA SPANISH BUNGALOW
• FORMAL LIVING AND DINING ROOMS
• FIREPLACE
• BREAKFAST NOOK
• INDOOR LAUNDRY
• CORNER LOT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $189 ($2k/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 $229k (6.7% below list).
• Recommended offer: $229k (6.7% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 3.9% in Madera — 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 51/100 on livability (#1,053 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: schools F, amenities F, commute F.
• Madera Unified (urban): math 22% / reading 35% proficiency, ranked #1,095 of 1,400 in CA (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.8%/yr); 102 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 1,346 units permitted in Madera County in 2024 (8 in 5+ unit buildings).
• This rent runs 38% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Madera County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($241k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $39k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $228,598 (6.7% below list)

Questions for the listing agent

1. Built in 1939 — 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 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?
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: 0.93% ✗
• Cap rate: 7.22%
• Cash-on-cash: 3.31%
• DSCR: 1.15
• GRM: 8.9

CMA / ARV

• ARV (median comp): $270,213
• List price: $244,900
• Delta: -9.37%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1313 De Cesari Ave	0.43mi	3/2.0	1,431 (+8%)	4mo	$413,000	$289	60
1313 De Cesari Ave	0.43mi	3/2.0	1,431 (+8%)	4mo	$413,000	$289	60
611 Foster Ave	0.47mi	3/1.5	1,440 (+8%)	6mo	$412,000	$286	57
821 Austin Ave	0.58mi	3/2.0	1,400 (+5%)	6mo	$294,999	$211	54
821 Austin Ave	0.58mi	3/2.0	1,400 (+5%)	6mo	$294,999	$211	54
602 Bruce	0.43mi	3/2.0	1,476 (+11%)	4mo	$374,000	$253	54
315 S J	0.60mi	2/2.0 (-1)	1,391 (+5%)	3mo	$175,000	$126	53
517 Fairview Ave	0.67mi	3/1.5	1,210 (-9%)	0mo	$355,000	$293	51
311 S K St	0.61mi	3/2.5	1,450 (+9%)	4mo	$350,000	$241	47
901 Bloker St	0.71mi	3/2.0	1,426 (+7%)	6mo	$380,000	$266	46
120 N N St	0.60mi	2/1.0 (-1)	1,188 (-10%)	8mo	$290,000	$244	43
200 S A St	0.63mi	3/2.0	1,508 (+14%)	2mo	$278,000	$184	42

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 · 4.75% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.66×
• Total profit: $-23,549
• Equity at exit: $36,515

10-year hold

• IRR: 2.3%
• Equity multiple: 1.18×
• Total profit: $12,381
• Equity at exit: $21,174

Cash invested: $68,572 (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 93637

• Rents YoY: 4.8%
• Active inventory: 102
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,286 high
• Mortgage (P&I): −$1,284
• Tax from tax record: −$230 /mo · $2,764/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $189

Break-even live

Break-even rent $2,046

Max offer price $244,900

Occupancy floor 87%

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: $61,225
• Closing costs: $7,347
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1409 Roberts Ave Madera, CA	3.0	2.0	1128	$2,250	$1.99	20d	1	0.50mi
314 S N St Madera, CA	2.0	1.0	900	$1,475	$1.64	44d	1	0.76mi
1101 Nebraska Ave Madera, CA	3.0	2.0	1380	$2,095	$1.52	13d	1	0.77mi
1712 Howard Rd Madera, CA	2.0–3.0	1.0–2.0	1281	$2,046	$1.60	1d	4	1.05mi
801 N Granada Dr Madera, CA	2.0	1.5	1224	$2,050	$1.67	1d	3	1.38mi

Listing history 7 events

1. 2026-05-11
   status Pending 455-char remark

   Show marketing remark (455 chars)

   Attention investors! Step back in time with this early California Spanish Bungalow....full of classic charm and original details. Featuring two bedrooms, one bath, formal living and dinning rooms, fireplace, breakfast nook, and a indoor laundry, this home is ready to be restored to its former glory. Located in central Madera, it sits on a very nice corner lot with a one car detached garage.This charmer has amazing potential. Just needs some TLC.

2. 2026-05-09
   status Active 455-char remark

   Show marketing remark (455 chars)

   Attention investors! Step back in time with this early California Spanish Bungalow....full of classic charm and original details. Featuring two bedrooms, one bath, formal living and dinning rooms, fireplace, breakfast nook, and a indoor laundry, this home is ready to be restored to its former glory. Located in central Madera, it sits on a very nice corner lot with a one car detached garage.This charmer has amazing potential. Just needs some TLC.

3. 2026-05-08
   status Pending 455-char remark

   Show marketing remark (455 chars)

   Attention investors! Step back in time with this early California Spanish Bungalow....full of classic charm and original details. Featuring two bedrooms, one bath, formal living and dinning rooms, fireplace, breakfast nook, and a indoor laundry, this home is ready to be restored to its former glory. Located in central Madera, it sits on a very nice corner lot with a one car detached garage.This charmer has amazing potential. Just needs some TLC.

4. 2026-05-01
   price $244,900 455-char remark

   Show marketing remark (455 chars)

   Attention investors! Step back in time with this early California Spanish Bungalow....full of classic charm and original details. Featuring two bedrooms, one bath, formal living and dinning rooms, fireplace, breakfast nook, and a indoor laundry, this home is ready to be restored to its former glory. Located in central Madera, it sits on a very nice corner lot with a one car detached garage.This charmer has amazing potential. Just needs some TLC.

5. 2026-04-21
   status Active 455-char remark

   Show marketing remark (455 chars)

   Attention investors! Step back in time with this early California Spanish Bungalow....full of classic charm and original details. Featuring two bedrooms, one bath, formal living and dinning rooms, fireplace, breakfast nook, and a indoor laundry, this home is ready to be restored to its former glory. Located in central Madera, it sits on a very nice corner lot with a one car detached garage.This charmer has amazing potential. Just needs some TLC.

6. 2026-04-07
   status Pending 455-char remark

   Show marketing remark (455 chars)

   Attention investors! Step back in time with this early California Spanish Bungalow....full of classic charm and original details. Featuring two bedrooms, one bath, formal living and dinning rooms, fireplace, breakfast nook, and a indoor laundry, this home is ready to be restored to its former glory. Located in central Madera, it sits on a very nice corner lot with a one car detached garage.This charmer has amazing potential. Just needs some TLC.

7. 2026-04-02
   listed $284,000 Active 455-char remark

   Show marketing remark (455 chars)

   Attention investors! Step back in time with this early California Spanish Bungalow....full of classic charm and original details. Featuring two bedrooms, one bath, formal living and dinning rooms, fireplace, breakfast nook, and a indoor laundry, this home is ready to be restored to its former glory. Located in central Madera, it sits on a very nice corner lot with a one car detached garage.This charmer has amazing potential. Just needs some TLC.

ⓘ 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: $2,764 · $230/mo
• Projected year-2 tax: $2,764 · $230/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 3/10 Moderate FEMA zone X (unshaded) · 18% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 38 unhealthy d/yr today · 40 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,432
• − Mortgage interest: −$13,718
• − Property taxes: −$2,764
• − Insurance: −$1,224
• − Repairs & maintenance: −$2,195
• − Management: −$2,195
• − Depreciation: −$7,124
• Taxable loss: −$1,789
• Est. tax savings @ 24.0%: +$429
• After-tax cash flow: $2,700/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: Madera Unified
• NCES district ID: 0623340
• Math proficiency: 22% ▬ 0.00%
• Reading proficiency: 35% ▲ 2.00%
• Median HH income: $43,446
• Composite: 27.2/100
• National rank: #12454
• State rank: #1095 of 1400 in CA

Livability — Madera

• Score: 51/100
• State rank: #1053
• US rank: #25190

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Madera, CA
• County: Madera County · 133,170 people
• City population: 109,650
• Metro: Madera, CA
• Population (ZIP): 43,785
• Household income: $71,724
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 1537.0

Population outlook (Madera County) Hauer SSP2

• Today (2025): 157,915 people
• By 2030: 159,604 · +1.1%
• By 2040: 163,454 · +3.5%
• By 2050: 167,071 · +5.8%
• By 2075: 171,182 · +8.4%
• By 2100: 162,781 · +3.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (74%)
• Race & ethnicity: Hispanic / Latino 74% Two or more races 20% White 17% Black 4% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 70%
• Common ancestry: Italian 2% Russian 1% Lithuanian 1%
• Foreign-born: 22% · Canada, China, Jamaica
• Languages at home: 51% English-only · Spanish 46% Other Indo-European 1% Chinese 1%

Political lean MEDSL · Madera

• 2024 margin: Strong R (+20.8) · D 38.4% · R 59.2% · Other 2.4%
• 2008→2024 swing: -7.5pp toward R · 2008: -13.3pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+11.6 2016: R+17.3 2012: R+19.4 2008: R+13.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -315.84%
• Current HPI: 305.5444
• Rent YoY: ▲ 4.75%
• Metro: Madera, 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

-13.8% since first listed

7 events — show timeline

• 2026-05-11 Pending — FRESNOMLS
• 2026-05-09 Relisted — FRESNOMLS
• 2026-05-08 Pending — FRESNOMLS
• 2026-05-01 Price Changed $244,900 FRESNOMLS
• 2026-04-21 Relisted — FRESNOMLS
• 2026-04-07 Pending — FRESNOMLS
• 2026-04-02 Listed $284,000 FRESNOMLS

Property tax history

+26.3%/yr

Latest (2025): $2,764 · -0.7% YoY. Source: county tax records.