1007 Wood · South Taft, CA 93268

$185,000

4 bd · 2.0 ba · 1,351 sqft · SingleFamily public records · 9 Days on market

Built 1925 7,841 sqft lot Est $263k · 30% 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 +15.2/30.0
• ARV discount +15.0/15.0
• Rent growth +5.0/5.0
• DSCR +4.7/10.0
• 1% rule +4.4/10.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Livability +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Remodeled and spacious home located in the heart of Taft with 4 bedrooms and 2 full bathrooms. This property features a newer AC unit, roof, and flooring, along with an open-concept living and dining area designed for comfortable everyday living and entertaining. The kitchen offers generous counter space, and the bathrooms have modern fixtures and finishes. A good-sized backyard includes a storage shed and added flexibility for outdoor use. Alley access provides convenient additional parking from the rear, along with front parking options.

Key facts

• Newer ac unit
• Newer flooring
• Newer roof

Tags

• NEWER AC UNIT
• NEWER ROOF
• NEWER FLOORING
• OPEN-CONCEPT LIVING
• GOOD-SIZED BACKYARD
• STORAGE SHED

Property features AI

Exterior

• Parking: Attached or detached 5-car garage; Parking area
• Utilities: Public water; Public sewer; Other utilities (see remarks)
• Home design: Detached single-story home; Raised foundation
• Construction: Raised foundation
• Exterior features: Composition roof; Property faces south; R-1 zoning

Interior

• Kitchen: Gas oven/range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Laminate flooring; Wood flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central forced air cooling
• Interior features: Separate family room; Breakfast nook
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $66 ($791/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 $174k (6.2% below list).
• Recommended offer: $174k (6.2% below list) — sets the bar for 1% rule.

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: amenities F, commute F, employment 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.
• Zoned schools: Roosevelt Elementary (math 24% / reading 24%, grade F, #973 of 1,571 statewide, top 73%, 475 students, 89% FRL); Lincoln Junior High (math 75% / reading 75%, grade A, #25 of 498 statewide, top 6%, 795 students, 89% FRL); Taft Union High (math 8% / reading 47%, grade F, #785 of 1,170 statewide, top 67%, 1,102 students, 59% FRL).
• Market conditions: Rents rising fast (+13.6%/yr); 125 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• This rent runs 36% of the median local income ($58k/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 $1k of loan paydown is wiped out by about $6k 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 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 4→10/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $173,516 (6.2% below list)

Questions for the listing agent

1. Built in 1925 — 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: 0.94% ✗
• Cap rate: 6.72%
• Cash-on-cash: 1.53%
• DSCR: 1.07
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $263,445
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
809 Buena Vista St	0.15mi	3/2.0 (-1)	1,248 (-8%)	6mo	$249,000	$200	70
122 E Kern St	0.57mi	3/1.0 (-1)	1,359 (+1%)	0mo	$270,000	$199	63
314 Lierly	0.56mi	3/2.0 (-1)	1,296 (-4%)	14mo	$205,000	$158	50
1020 Stevens St	0.05mi	3/1.0 (-1)	1,185 (-12%)	22mo	$184,700	$156	50
113 Q St	0.66mi	4/1.0	1,464 (+8%)	4mo	$104,900	$72	47
104 E Kern St	0.55mi	3/1.0 (-1)	1,246 (-8%)	8mo	$185,000	$148	46
615 2nd St	0.74mi	3/2.0 (-1)	1,224 (-9%)	3mo	$260,000	$212	42
206 E Lucard St	0.64mi	3/2.0 (-1)	1,292 (-4%)	19mo	$275,000	$213	42
104 Center St	0.42mi	3/1.8 (-1)	1,192 (-12%)	17mo	$187,000	$157	41
104 Pico St	0.75mi	3/2.0 (-1)	1,204 (-11%)	4mo	$199,900	$166	39
406 S 8th	0.75mi	3/2.0 (-1)	1,320 (-2%)	21mo	$320,000	$242	38
123 E San Emidio St	0.66mi	3/1.8 (-1)	1,486 (+10%)	19mo	$290,000	$195	31

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: -8.3%
• Equity multiple: 0.68×
• Total profit: $-16,567
• Equity at exit: $27,584

10-year hold

• IRR: 6.9%
• Equity multiple: 1.63×
• Total profit: $32,888
• Equity at exit: $15,995

Cash invested: $51,800 (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: 125
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,735 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$258 /mo · $3,091/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $66

Break-even live

Break-even rent $1,652

Max offer price $185,000

Occupancy floor 91%

Sensitivity live

Price	-10% $171	-5% $118	+0% $66	+5% $14	+10% $-39
Rent	-10% $-71	-5% $-3	+0% $66	+5% $134	+10% $203
Rate	-1.0pp $159	-0.5pp $113	base $66	+0.5pp $18	+1.0pp $-31

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
522 Center St Unit D Taft, CA	3.0	1.0	1047	$1,325	$1.27	23d	1	0.73mi
620 Graydon Ave Taft, CA	3.0	2.0	1223	$2,475	$2.02	4d	1	1.47mi

Listing history 8 events

1. 2026-06-21
   days on market $185,000 Active 9 DOM
2. 2026-06-18
   days on market $185,000 Active 6 DOM
3. 2026-06-17
   price $185,000 Active 5 DOM
4. 2026-06-17
   days on market $195,000 Active 5 DOM
5. 2026-06-16
   days on market $195,000 Active 4 DOM
6. 2026-06-15
   days on market $195,000 Active 3 DOM
7. 2026-06-13
   remarks 545-char remark
8. 2026-06-13
   listed $195,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $3,091 · $258/mo
• Projected year-2 tax: $3,091 · $258/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 4 d/yr ≥102°F today · 10 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: $20,822
• − Mortgage interest: −$10,363
• − Property taxes: −$3,091
• − Insurance: −$925
• − Repairs & maintenance: −$1,666
• − Management: −$1,666
• − Depreciation: −$5,382
• Taxable loss: −$2,271
• Est. tax savings @ 24.0%: +$545
• After-tax cash flow: $1,336/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

+95.0% since first listed

9 events — show timeline

• 2026-06-12 Listed $195,000 MLSListings
• 2026-06-12 Listed $195,000 bridgeMLS, Bay East AOR, or Contra Costa AOR
• 2023-07-25 Sold (Public Records) $190,000 Public Records
• 2023-07-25 Sold (MLS) $190,000 GEMLS
• 2023-06-20 Pending — GEMLS
• 2023-06-13 Relisted — GEMLS
• 2023-06-07 Pending — GEMLS
• 2023-05-08 Listed $198,000 GEMLS
• 2022-03-28 Sold (Public Records) $100,000 Public Records

Property tax history

+10.5%/yr

Latest (2025): $3,091 · +3.7% YoY. Source: county tax records.