309 W Haloid Ave · Ridgecrest, CA 93555

$90,000

3 bd · 2.0 ba · 1,091 sqft · SingleFamily · 1 Days on market

Built 1948 Poor condition 6,534 sqft 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

Opportunity awaits at this property! This 3-bedroom, 2-bathroom property offers plenty of potential for an investor or buyer looking to create their own vision. Fully fenced lot and landscaping, covered parking, storage, and a covered backyard patio area. The interior features vinyl flooring, granite countertops, barn-style door, mini-split systems and Tin roof. The RV currently on the property will be included in the sale! Seller left personal property in home and will be included in the sale with no additional cost. Property is being sold strictly AS-IS and will require repairs and updating. Cash offers are preferred due to the condition of the property.

Key facts

• Vinyl flooring
• Covered parking
• Storage

Tags

• FULLY FENCED LOT
• COVERED PARKING
• STORAGE
• COVERED BACKYARD PATIO
• VINYL FLOORING
• GRANITE COUNTERTOPS

Property features AI

Finance

• HOA & community: Curbs; Sidewalks

Exterior

• Utilities: Natural gas connected; Sewer connected
• Home design: Single-family residence; Residential property; Zoned R-3
• Construction: Stucco exterior; Metal roof; Slab foundation
• Exterior features: Patio; Fenced yard; Landscaped lot; Shed(s)

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range / Oven; Refrigerator
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Evaporative cooling
• Interior features: Dishwasher; Disposal; Microwave; Range / Oven; Refrigerator; Gas water heater; Washer and dryer included; Vinyl flooring
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $90k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $452 ($5k/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 12.3% 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; 40 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 $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 + 3.6% rent growth), your $25k cash investment doubles in ~6 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

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,000

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 1948 — 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: 1.51% ✓
• Cap rate: 12.32%
• Cash-on-cash: 21.52%
• DSCR: 1.96
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $213,836
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
238 W Church Ave	0.23mi	3/1.0	998 (-8%)	8mo	$75,000	$75	65
612 Heather Ct	0.53mi	3/2.0	1,204 (+10%)	2mo	$245,000	$203	57
429 W Church Ave	0.25mi	2/1.5 (-1)	946 (-13%)	5mo	$154,400	$163	55
805 Victoria Ct	0.67mi	3/2.0	1,170 (+7%)	4mo	$244,000	$209	54
224 N Florence St	0.61mi	3/2.0	1,005 (-8%)	8mo	$250,000	$249	52
225 N Alvord St	0.63mi	3/2.0	1,210 (+11%)	4mo	$227,250	$188	49
417 Argus Ave	0.71mi	3/2.0	1,017 (-7%)	8mo	$172,500	$170	49
221 N Florence St	0.61mi	3/2.0	1,239 (+14%)	2mo	$200,000	$161	47
241 W French Ave	0.61mi	3/2.0	960 (-12%)	5mo	$209,000	$218	47
801 S Sunset St	0.56mi	3/1.0	936 (-14%)	6mo	$229,000	$245	41
233 N Alvord St	0.65mi	3/1.0	960 (-12%)	7mo	$188,500	$196	40
304 N Helena St	0.74mi	3/1.0	960 (-12%)	3mo	$175,000	$182	39

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: 14.8%
• Equity multiple: 1.60×
• Total profit: $15,017
• Equity at exit: $13,419

10-year hold

• IRR: 23.9%
• Equity multiple: 3.12×
• Total profit: $53,534
• Equity at exit: $7,782

Cash invested: $25,200 (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: 5.5×

Monthly cashflow live

• Estimated rent: $1,359 high
• Mortgage (P&I): −$472
• Tax est. 1.5%: −$112 /mo · $1,350/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $452

Break-even live

Break-even rent $787

Max offer price $90,000

Occupancy floor 62%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
327 W Haloid Ave Ridgecrest, CA	2.0	1.5	800	$1,100	$1.38	2d	1	0.06mi
308 W Wilson Ave Apt B Ridgecrest, CA	2.0	1.0	880	$1,275	$1.45	2d	1	0.10mi
235 W Robertson Rd Ridgecrest, CA	2.0	1.0	725	$1,250	$1.72	2d	1	0.13mi
219 W Robertson Rd Ridgecrest, CA	3.0	1.0	955	$1,200	$1.26	19d	1	0.15mi
311 W Church Ave Unit B Ridgecrest, CA	2.0	1.0	780	$1,475	$1.89	2d	1	0.18mi
141 W Upjohn Ave Unit 109 Ridgecrest, CA	2.0	2.0	1000	$1,100	$1.10	2d	1	0.19mi
424 W Wilson Ave Unit A Ridgecrest, CA	2.0	1.0	900	$995	$1.11	2d	1	0.19mi
430 W Wilson Ave Ridgecrest, CA	3.0	1.0	1080	$1,350	$1.25	2d	1	0.21mi
204 W Robertson Rd Apt C Ridgecrest, CA	2.0	1.0	1215	$1,150	$0.95	44d	1	0.21mi
413 S Sunset St Unit C Ridgecrest, CA	2.0	1.0	900	$1,050	$1.17	2d	1	0.37mi
707 S Norma St Ridgecrest, CA	2.0	1.0	950	$1,000	$1.05	2d	1	0.41mi
139 S Norma St Unit B Ridgecrest, CA	2.0	1.0	810	$950	$1.17	2d	1	0.44mi
135 S Norma St Apt A Ridgecrest, CA	2.0	1.0	810	$975	$1.20	2d	1	0.45mi
205 E Upjohn Ave Ridgecrest, CA	2.0	2.5	1288	$1,225	$0.95	44d	1	0.46mi
736 S Norma St Unit C Ridgecrest, CA	2.0	1.0	800	$1,000	$1.25	2d	1	0.46mi
228 S Gemstone St Unit B Ridgecrest, CA	2.0	1.0	891	$1,000	$1.12	2d	1	0.47mi
247 E Upjohn Ave Ridgecrest, CA	3.0	2.5	1305	$1,425	$1.09	2d	1	0.49mi
824 S Norma St Unit 832A Ridgecrest, CA	3.0	2.0	925	$1,650	$1.78	2d	1	0.49mi
824 S Norma St Unit 848B Ridgecrest, CA	2.0	1.0	800	$1,350	$1.69	23d	1	0.49mi
824 S Norma St Unit 848A Ridgecrest, CA	2.0	1.0	800	$1,350	$1.69	2d	1	0.49mi
824 S Norma St Unit 804B Ridgecrest, CA	2.0	2.0	850	$1,550	$1.82	2d	1	0.49mi
255 E Upjohn Ave Ridgecrest, CA	2.0	2.5	1258	$1,350	$1.07	2d	1	0.50mi
741 S Allen St Unit B Ridgecrest, CA	2.0	1.0	700	$950	$1.36	44d	1	0.53mi
520 Silveridge St Ridgecrest, CA	3.0	2.0	1471	$2,000	$1.36	44d	1	0.56mi
201 N Alvord St Apt E Ridgecrest, CA	2.0	1.0	768	$925	$1.20	2d	1	0.56mi
740 W Church Ave Ridgecrest, CA	4.0	2.0	1500	$1,800	$1.20	19d	1	0.61mi
117 S Silver Ridge St Ridgecrest, CA	3.0	2.0	1144	$1,500	$1.31	44d	1	0.65mi
332 N Alvord St Unit A Ridgecrest, CA	2.0	2.0	1000	$950	$0.95	23d	1	0.80mi
332 N Alvord St Unit 332 Ridgecrest, CA	3.0	2.0	1100	$1,100	$1.00	44d	1	0.80mi
401 N Norma St Ridgecrest, CA	3.0	2.0	1360	$1,500	$1.10	2d	1	0.87mi
528 Heatherglen Dr Ridgecrest, CA	3.0	2.0	1370	$1,725	$1.26	2d	1	0.87mi
238 N Gold Canyon St Unit C537A Ridgecrest, CA	3.0	1.0	1030	$1,445	$1.40	2d	1	0.89mi
238 N Gold Canyon St Unit C533 Ridgecrest, CA	2.0	1.0	825	$1,245	$1.51	2d	1	0.89mi
804 S Nevada St Ridgecrest, CA	4.0	2.0	1470	$1,900	$1.29	44d	1	0.90mi
1140 College Heights Blvd Ridgecrest, CA	2.0	1.0	950	$1,050	$1.11	2d	1	0.91mi
519 E Ridgecrest Blvd Unit A Ridgecrest, CA	2.0	1.5	832	$1,400	$1.68	2d	1	0.95mi
1000 W Coronado Ave Ridgecrest, CA	3.0	2.0	1161	$1,600	$1.38	44d	1	0.99mi
236 S American St Ridgecrest, CA	3.0	2.0	1407	$1,650	$1.17	44d	1	0.99mi
922 W Vulcan Ave Ridgecrest, CA	3.0	2.0	1458	$2,100	$1.44	44d	1	1.00mi
624 Yellow Astor Ave Ridgecrest, CA	2.0	2.0	1441	$1,800	$1.25	21d	1	1.00mi

Listing history 2 events

1. 2026-06-18
   remarks 664-char remark
2. 2026-06-18
   listed $90,000 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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 20 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: $16,312
• − Mortgage interest: −$5,041
• − Property taxes: −$1,350
• − Insurance: −$450
• − Repairs & maintenance: −$1,305
• − Management: −$1,305
• − Depreciation: −$2,618
• Taxable income: $4,243
• Est. tax owed @ 24.0%: −$1,018
• After-tax cash flow: $4,405/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 · 12 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and updates, including roof, exterior, interior walls, HVAC, and landscaping. It presents significant potential for value increase through these improvements.

Repairs flagged

• Major roof — No photos of roof
• Major exterior — RV parked on property
• Major interior walls/paint — Painted walls in living areas
• Major HVAC/mechanicals — No photos of HVAC
• Major landscaping — No photos of landscaping

Value-add opportunities

• Both paint interior walls — Improves appearance and value
• Both replace HVAC system — Enhances comfort and energy efficiency
• Both landscaping and curb appeal — Enhances property's visual appeal and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · No photos of roof	Major	$15,000–50,000
exterior · RV parked on property	Major	$15,000–50,000
interior walls/paint · Painted walls in living areas	Major	$15,000–50,000
HVAC/mechanicals · No photos of HVAC	Major	$15,000–50,000
landscaping · No photos of landscaping	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both paint interior walls — Improves appearance and value ↑
• Both replace HVAC system — Enhances comfort and energy efficiency ↑
• Both landscaping and curb appeal — Enhances property's visual appeal and value ↑

ⓘ 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

• 2026-06-17 Listed $90,000 SSMLS