1055 Park Ln · Shafter, CA 93263

$169,999

2 bd · 1.0 ba · 908 sqft · SingleFamily public records · 110 Days on market

Built 1939 3,049 sqft lot $187/sqft · 19% below area Est $209k · 19% 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 +19.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +4.3/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

Key facts

• 3,049 sq ft lot
• Built 1939
• Listed 110 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $185 ($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 $158k (6.9% below list).
• Recommended offer: $155k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 2.7% in Shafter — 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 72/100 on livability (#185 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, housing A+; Watch: health & safety C-, commute D+, cost of living D+.
• Richland Union Elementary (town): math 11% / reading 24% proficiency, ranked #480 of 517 in CA (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Sequoia Elementary (math 12% / reading 26%, grade F, #1,304 of 1,571 statewide, top 84%, 585 students, 86% FRL); Richland Junior High (math 13% / reading 29%, grade F, #408 of 498 statewide, top 82%, 589 students, 82% FRL); Shafter High (reading 75%, 1,651 students, 85% FRL).
• Market conditions: 178 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $5k 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

• It's been on market 110 days — a 9% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 22y ago; this cycle's ask has dropped $29k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $67k; list at $170k implies a 154% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,699 (9.0% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 7.60%
• Cash-on-cash: 4.67%
• DSCR: 1.21
• GRM: 8.9

CMA / ARV

• ARV (median comp): $208,728
• List price: $169,999
• Delta: -18.55%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.1%
• Equity multiple: 0.67×
• Total profit: $-15,797
• Equity at exit: $25,347

10-year hold

• IRR: 0.4%
• Equity multiple: 1.03×
• Total profit: $1,253
• Equity at exit: $14,698

Cash invested: $47,600 (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 93263

• Home prices YoY: -13.1%
• Active inventory: 178
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,583 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$103 /mo · $1,238/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $185

Break-even live

Break-even rent $1,349

Max offer price $169,999

Occupancy floor 83%

Sensitivity live

Price	-10% $281	-5% $233	+0% $185	+5% $137	+10% $89
Rent	-10% $60	-5% $123	+0% $185	+5% $248	+10% $310
Rate	-1.0pp $271	-0.5pp $228	base $185	+0.5pp $141	+1.0pp $96

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
489 W Marengo Ave Unit Na Shafter, CA	2.0	1.0	1000	$1,800	$1.80	45d	1	1.16mi
615 Kern St Apt 16 Shafter, CA	1.0	1.0	700	$1,125	$1.61	45d	1	1.47mi
232 E Marengo Ave Unit Na Shafter, CA	2.0	1.0	823	$1,700	$2.07	45d	1	1.50mi

Listing history 44 events

1. 2026-06-21
   days on market $169,999 Active 110 DOM
2. 2026-06-18
   days on market $169,999 Active 107 DOM
3. 2026-06-17
   days on market $169,999 Active 106 DOM
4. 2026-06-16
   days on market $169,999 Active 105 DOM
5. 2026-06-15
   days on market $169,999 Active 104 DOM
6. 2026-06-14
   days on market $169,999 Active 102 DOM
7. 2026-06-13
   days on market $169,999 Active 101 DOM
8. 2026-06-10
   days on market $169,999 Active 99 DOM
9. 2026-06-09
   days on market $169,999 Active 98 DOM
10. 2026-06-08
    days on market $169,999 Active 97 DOM
11. 2026-06-07
    days on market $169,999 Active 96 DOM
12. 2026-06-05
    days on market $169,999 Active 93 DOM
13. 2026-06-03
    days on market $169,999 Active 92 DOM
14. 2026-06-03
    days on market $169,999 Active 91 DOM
15. 2026-06-01
    days on market $169,999 Active 90 DOM
16. 2026-05-31
    days on market $169,999 Active 89 DOM
17. 2026-05-15
    price $174,999 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

18. 2026-05-08
    price $184,999 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

19. 2026-05-02
    price $189,999 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

20. 2026-04-26
    price $190,999 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

21. 2026-04-21
    price $191,999 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

22. 2026-04-13
    status Active 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

23. 2026-04-11
    status Pending 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

24. 2026-03-27
    price $192,999 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

25. 2026-03-26
    price $193,999 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

26. 2026-03-16
    price $194,000 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

27. 2026-02-28
    listed $199,000 Active 515-char remark

    Show marketing remark (515 chars)

    Charming 3-bedroom, 1-bath home offering 908 square feet of living space with a touch of country living. This property has great bones and classic character, ready for your vision and a little TLC to truly shine. A solid opportunity for investors looking to expand their portfolio or buyers seeking a renovation project with strong potential. Priced at $199,000 and offered as cash or hard money only. Don't miss this value-packed investment opportunity!Some photos have been digitally enhanced or virtually staged.

28. 2017-05-01
    price $64,900 430-char remark

    Show marketing remark (430 chars)

    This 3 bedroom, 1 bath with a fire place would be a great property to add to your rental portfolio or would make a nice home for a first time buyer. Recent updates include new tile flooring in the bathroom/laundry room with new vanity. Also updated the electrical panel in the last 2 years. The current tenants have been there for 7 years. The home is also on sewer. You will not find anything else in Shafter in this price range.

29. 2017-04-28
    soldstatus $67,000 Sold 430-char remark

    Show marketing remark (430 chars)

    This 3 bedroom, 1 bath with a fire place would be a great property to add to your rental portfolio or would make a nice home for a first time buyer. Recent updates include new tile flooring in the bathroom/laundry room with new vanity. Also updated the electrical panel in the last 2 years. The current tenants have been there for 7 years. The home is also on sewer. You will not find anything else in Shafter in this price range.

30. 2017-04-28
    soldstatus $67,000

    Show marketing remark (430 chars)

    This 3 bedroom, 1 bath with a fire place would be a great property to add to your rental portfolio or would make a nice home for a first time buyer. Recent updates include new tile flooring in the bathroom/laundry room with new vanity. Also updated the electrical panel in the last 2 years. The current tenants have been there for 7 years. The home is also on sewer. You will not find anything else in Shafter in this price range.

31. 2017-04-23
    status Pending 430-char remark

    Show marketing remark (430 chars)

    This 3 bedroom, 1 bath with a fire place would be a great property to add to your rental portfolio or would make a nice home for a first time buyer. Recent updates include new tile flooring in the bathroom/laundry room with new vanity. Also updated the electrical panel in the last 2 years. The current tenants have been there for 7 years. The home is also on sewer. You will not find anything else in Shafter in this price range.

32. 2017-04-18
    historical 430-char remark

    Show marketing remark (430 chars)

    This 3 bedroom, 1 bath with a fire place would be a great property to add to your rental portfolio or would make a nice home for a first time buyer. Recent updates include new tile flooring in the bathroom/laundry room with new vanity. Also updated the electrical panel in the last 2 years. The current tenants have been there for 7 years. The home is also on sewer. You will not find anything else in Shafter in this price range.

33. 2017-04-18
    price $67,000 430-char remark

    Show marketing remark (430 chars)

    This 3 bedroom, 1 bath with a fire place would be a great property to add to your rental portfolio or would make a nice home for a first time buyer. Recent updates include new tile flooring in the bathroom/laundry room with new vanity. Also updated the electrical panel in the last 2 years. The current tenants have been there for 7 years. The home is also on sewer. You will not find anything else in Shafter in this price range.

34. 2017-04-05
    price $64,900 430-char remark

    Show marketing remark (430 chars)

    This 3 bedroom, 1 bath with a fire place would be a great property to add to your rental portfolio or would make a nice home for a first time buyer. Recent updates include new tile flooring in the bathroom/laundry room with new vanity. Also updated the electrical panel in the last 2 years. The current tenants have been there for 7 years. The home is also on sewer. You will not find anything else in Shafter in this price range.

35. 2017-03-13
    listed $69,900 Active 430-char remark

    Show marketing remark (430 chars)

    This 3 bedroom, 1 bath with a fire place would be a great property to add to your rental portfolio or would make a nice home for a first time buyer. Recent updates include new tile flooring in the bathroom/laundry room with new vanity. Also updated the electrical panel in the last 2 years. The current tenants have been there for 7 years. The home is also on sewer. You will not find anything else in Shafter in this price range.

36. 2009-12-30
    soldstatus $17,500
37. 2009-11-19
    price $20,000
38. 2009-11-19
    historical
39. 2009-09-10
    listed $17,500
40. 2004-06-16
    soldstatus $33,000
41. 2004-06-16
    soldstatus $33,000
42. 2004-05-26
    price $42,500
43. 2004-05-26
    historical
44. 2004-05-17
    listed $33,000

ⓘ 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: $1,238 · $103/mo
• Projected year-2 tax: $1,292 · $108/mo
• Expected delta: +$54/yr (+$5/mo · 4.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 42% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 23 unhealthy d/yr today · 28 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,997
• − Mortgage interest: −$9,523
• − Property taxes: −$1,238
• − Insurance: −$850
• − Repairs & maintenance: −$1,520
• − Management: −$1,520
• − Depreciation: −$4,945
• Taxable loss: −$598
• Est. tax savings @ 24.0%: +$144
• After-tax cash flow: $2,366/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: Richland Union Elementary
• NCES district ID: 0621450
• Math proficiency: 11% ▼ -15.00%
• Reading proficiency: 24% ▼ -10.00%
• Median HH income: $39,624
• Composite: 14.8/100
• National rank: #9386
• State rank: #480 of 517 in CA

Livability — Shafter

• Score: 72/100
• State rank: #185
• US rank: #6066

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shafter, CA
• City population: 23,423
• Population (ZIP): 23,423

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: Predominantly Hispanic (80%)
• Race & ethnicity: Hispanic / Latino 80% Two or more races 35% White 17% Native American 1% Black 1% Asian 1%
• Hispanic origin (detail): Mexican 75% Puerto Rican 1%
• Common ancestry: Italian 0%
• Foreign-born: 25% · Canada
• Languages at home: 42% English-only · Spanish 56% Arabic 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: ▼ -53.09%
• Current HPI: 352.9878
• Rent YoY: —
• Metro: —
• 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

+430.3% since first listed

28 events — show timeline

• 2026-05-15 Price Changed $174,999 GEMLS
• 2026-05-08 Price Changed $184,999 GEMLS
• 2026-05-02 Price Changed $189,999 GEMLS
• 2026-04-26 Price Changed $190,999 GEMLS
• 2026-04-21 Price Changed $191,999 GEMLS
• 2026-04-13 Relisted — GEMLS
• 2026-04-11 Pending — GEMLS
• 2026-03-27 Price Changed $192,999 GEMLS
• 2026-03-26 Price Changed $193,999 GEMLS
• 2026-03-16 Price Changed $194,000 GEMLS
• 2026-02-28 Listed $199,000 GEMLS
• 2017-05-01 Price Changed $64,900 GEMLS
• 2017-04-28 Sold (Public Records) $67,000 Public Records
• 2017-04-28 Sold (MLS) $67,000 GEMLS
• 2017-04-23 Pending — GEMLS
• 2017-04-18 Price Changed $67,000 GEMLS
• 2017-04-18 Delisted — GEMLS
• 2017-04-05 Price Changed $64,900 GEMLS
• 2017-03-13 Listed $69,900 GEMLS
• 2009-12-30 Sold (MLS) $17,500 GEMLS
• 2009-11-19 Delisted — GEMLS
• 2009-11-19 Price Changed $20,000 GEMLS
• 2009-09-10 Listed $17,500 GEMLS
• 2004-06-16 Sold (Public Records) $33,000 Public Records
• 2004-06-16 Sold (MLS) $33,000 GEMLS
• 2004-05-26 Delisted — GEMLS
• 2004-05-26 Price Changed $42,500 GEMLS
• 2004-05-17 Listed $33,000 GEMLS

Property tax history

+11.3%/yr

Latest (2025): $1,238 · +1.7% YoY. Source: county tax records.