306 Eastern Ave · South Taft, CA 93268

$125,500

3 bd · 1.0 ba · 934 sqft · SingleFamily public records · 38 Days on market

Built 1933 6,969 sqft lot Est $182k · 31% under

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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 +25.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +6.2/10.0
• Rent growth +5.0/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Livability +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

When opportunity presents itself, take action! This property qualifies for a rehab type loan! Take advantage of the possibilities on a spacious lot (almost 7000sqft) offering an attractive prospect for both investors and future residents. The property features alley access, 220 for RV hook up, basement for those peppers out there. Located near shopping, dining and other amenities. Schedule a showing today.

Key facts

• Alley access
• Basement
• Rv hook up

Tags

• ALLEY ACCESS
• RV HOOK UP
• BASEMENT

Property features AI

Exterior

• Parking: Uncovered parking
• Utilities: Septic tank
• Home design: Pre-owned property; Owner-occupied; Zoned R1
• Construction: Composition roof; Slab and concrete/perimeter foundation; Built on 0.16-acre lot
• Exterior features: Covered patio; Alley access; Large RV space

Interior

• Bathrooms: 1 full bathroom
• Interior features: Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $126k.

Deal economics

• At list price, monthly cash flow is $277 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $126k).
• Recommended offer: $122k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 46/100 on livability (#1,271 in CA) — a working-class tenant base; expect higher turnover. Strengths: cost of living B; Watch: schools F, amenities F, commute F.
• 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; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $868 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($122k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1933 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 5→12/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $121,735 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1933 — 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. 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?
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: 1.12% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.47%
• DSCR: 1.42
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $182,130
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
408 Naylor Ave	0.17mi	3/1.0	863 (-8%)	3mo	$135,000	$156	77
116 Shattuck Ave	0.37mi	3/1.0	930 (-0%)	11mo	$185,000	$199	73
224 Eastern Ave	0.05mi	3/1.0	824 (-12%)	9mo	$149,000	$181	71
211 Montview Ave	0.09mi	3/2.0	1,036 (+11%)	7mo	$202,000	$195	68
100 East Kern St	0.51mi	2/1.0 (-1)	918 (-2%)	2mo	$189,000	$206	67
210 Naylor Ave	0.15mi	2/1.0 (-1)	888 (-5%)	16mo	$140,000	$158	66
131 Oak St	0.50mi	3/1.0	974 (+4%)	6mo	$205,000	$210	65
304 General Petroleum Ave	0.13mi	2/1.0 (-1)	1,070 (+15%)	14mo	$95,000	$89	53
322 S 8th St	0.59mi	2/1.0 (-1)	846 (-9%)	10mo	$174,000	$206	44
331 San Emidio St	0.67mi	2/1.0 (-1)	1,016 (+9%)	12mo	$130,000	$128	40
132 Franklin Ave	0.69mi	3/1.0	1,053 (+13%)	10mo	$255,000	$242	38
327 Lucard St	0.61mi	3/1.0	807 (-14%)	17mo	$100,000	$124	35

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: 3.4%
• Equity multiple: 1.14×
• Total profit: $4,783
• Equity at exit: $18,712

10-year hold

• IRR: 17.1%
• Equity multiple: 2.73×
• Total profit: $60,832
• Equity at exit: $10,851

Cash invested: $35,140 (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: $1,410 medium
• Mortgage (P&I): −$658
• Tax from tax record: −$126 /mo · $1,511/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $277

Break-even live

Break-even rent $1,059

Max offer price $125,500

Occupancy floor 75%

Sensitivity live

Price	-10% $348	-5% $313	+0% $277	+5% $242	+10% $206
Rent	-10% $166	-5% $222	+0% $277	+5% $333	+10% $389
Rate	-1.0pp $341	-0.5pp $309	base $277	+0.5pp $245	+1.0pp $212

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: $31,375
• Closing costs: $3,765
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
553 Front St Taft, CA	2.0	1.0	943	$1,575	$1.67	3d	1	0.47mi
522 Center St Unit D Taft, CA	3.0	1.0	1047	$1,325	$1.27	21d	1	0.58mi
409 A St Taft, CA	3.0	1.0	840	$1,300	$1.55	3d	1	0.86mi
209 W Ash St Apt D Taft, CA	2.0	1.5	1044	$1,100	$1.05	3d	1	1.42mi

Listing history 18 events

1. 2026-06-18
   days on market $125,500 Active 38 DOM
2. 2026-06-17
   remarks 409-char remark
3. 2026-06-17
   price $125,500 Active 37 DOM
4. 2026-06-17
   days on market $135,500 Active 37 DOM
5. 2026-06-16
   days on market $135,500 Active 36 DOM
6. 2026-06-15
   days on market $135,500 Active 35 DOM
7. 2026-06-14
   days on market $135,500 Active 33 DOM
8. 2026-06-13
   days on market $135,500 Active 32 DOM
9. 2026-06-10
   days on market $135,500 Active 30 DOM
10. 2026-06-09
    days on market $135,500 Active 29 DOM
11. 2026-06-08
    days on market $135,500 Active 28 DOM
12. 2026-06-07
    days on market $135,500 Active 27 DOM
13. 2026-06-05
    days on market $135,500 Active 24 DOM
14. 2026-06-03
    days on market $135,500 Active 23 DOM
15. 2026-06-03
    days on market $135,500 Active 22 DOM
16. 2026-06-01
    days on market $135,500 Active 21 DOM
17. 2026-05-31
    days on market $135,500 Active 20 DOM
18. 2026-05-11
    listed $135,500 Active

ⓘ 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: $1,511 · $126/mo
• Projected year-2 tax: $1,511 · $126/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 8/10 Severe
• 🌡 Heat 8/10 Severe 5 d/yr ≥102°F today · 12 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: $16,917
• − Mortgage interest: −$7,030
• − Property taxes: −$1,511
• − Insurance: −$628
• − Repairs & maintenance: −$1,353
• − Management: −$1,353
• − Depreciation: −$3,651
• Taxable income: $1,391
• Est. tax owed @ 24.0%: −$334
• After-tax cash flow: $2,995/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 — South Taft

• Score: 46/100
• State rank: #1271
• US rank: #26438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Taft, CA
• County: Kern County · 710,371 people
• 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

1 event — show timeline

• 2026-05-11 Listed $135,500 GEMLS

Property tax history

+9.2%/yr

Latest (2025): $1,511 · +34.4% YoY. Source: county tax records.