36039 Sierra Linda · North Fork, CA 93669

$140,000

2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 86 Days on market

Built 1971 0.69 ac lot $208/sqft · 62% below area

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Why this score? — see what drove the F 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 +7.6/30.0
• ARV discount +7.5/15.0
• Appreciation +4.3/10.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• 1% rule +1.6/10.0

Listing remarks MLS

Tucked along the edge of the majestic Sierra National Forest, this rustic three-bedroom, two-bathroom cabin offers a rare opportunity to create your dream mountain retreat in one of Central California's most sought-after destinations. Set against a breathtaking backdrop overlooking the Peckinpah Mountain Range, the property invites you to wake up to sweeping views, towering pines, and the quiet serenity only nature can provide. Just minutes from the sparkling waters of Bass Lake and approximately 45 minutes from the iconic Yosemite National Park, this location is ideal for a vacation home, Airbnb investment, or personal getaway. The cabin itself is full of charm and potential, featuring a classic woodsy design with generous living space and a layout ready for your vision. While it does need repairs and updates, it's the perfect fixer-upper for those looking to build equity and customize every detail to their taste. Imagine cozy evenings by the fire, morning coffee on the deck with panoramic forest views, and endless outdoor adventures right outside your doorhiking, boating, fishing, and exploring all that the Sierra has to offer. With its unbeatable location, scenic setting, and endless upside, this is more than a propertyit's an opportunity to craft a true mountain escape. Bring your tools, your creativity, and your vision and make this hidden gem shine.

Key facts

• Bass lake
• Outdoor adventures
• 0.69 acre lot

Tags

• SIERRA NATIONAL FOREST
• PECKINPAH MOUNTAIN RANGE
• BASS LAKE
• YOSEMITE NATIONAL PARK
• PANORAMIC FOREST VIEWS
• OUTDOOR ADVENTURES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $-165 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $111k (20.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $93k (33.6% below list).
• Recommended offer: $93k (33.6% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 1.6% in North Fork — 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: area grade F — affects rentability + tenant quality, not the cash-flow math above.
• Chawanakee Unified (rural): math 26% / reading 44% proficiency, ranked #876 of 1,400 in CA (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 11 active listings in the ZIP; 1,346 units permitted in Madera County in 2024 (8 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.4%/yr); year-one equity from $968 of loan paydown is wiped out by about $2k 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 86 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 10y ago; this cycle's ask has dropped $25k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $92,891 (33.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
3. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.66% ✗
• Cap rate: 4.88%
• Cash-on-cash: -5.06%
• DSCR: 0.77
• GRM: 12.6

CMA / ARV

• ARV (median comp): $371,009
• List price: $140,000
• Delta: -62.27%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-1.45% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.39×
• Total profit: $-23,892
• Equity at exit: $30,822

10-year hold

• IRR: -7.9%
• Equity multiple: 0.34×
• Total profit: $-25,894
• Equity at exit: $29,896

Cash invested: $39,200 (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 93669

• Home prices YoY: -0.6%
• Active inventory: 11
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $929 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$107 /mo · $1,280/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$195
• Net cashflow: $-165

Break-even live

Break-even rent $1,138

Max offer price $110,797

Occupancy floor —

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-18
   days on market $140,000 Active 86 DOM
2. 2026-06-17
   days on market $140,000 Active 85 DOM
3. 2026-06-16
   days on market $140,000 Active 84 DOM
4. 2026-06-15
   days on market $140,000 Active 83 DOM
5. 2026-06-13
   days on market $140,000 Active 81 DOM
6. 2026-06-13
   days on market $140,000 Active 80 DOM
7. 2026-06-10
   days on market $140,000 Active 78 DOM
8. 2026-06-09
   days on market $140,000 Active 77 DOM
9. 2026-06-08
   days on market $140,000 Active 76 DOM
10. 2026-06-07
    days on market $140,000 Active 75 DOM
11. 2026-06-05
    pricedays on market $140,000 Active 72 DOM
12. 2026-06-03
    days on market $165,000 Active 71 DOM
13. 2026-06-02
    days on market $165,000 Active 70 DOM
14. 2026-06-01
    days on market $165,000 Active 69 DOM
15. 2026-05-31
    days on market $165,000 Active 68 DOM
16. 2026-05-18
    price $140,000 1377-char remark

    Show marketing remark (1377 chars)

    Tucked along the edge of the majestic Sierra National Forest, this rustic three-bedroom, two-bathroom cabin offers a rare opportunity to create your dream mountain retreat in one of Central California's most sought-after destinations. Set against a breathtaking backdrop overlooking the Peckinpah Mountain Range, the property invites you to wake up to sweeping views, towering pines, and the quiet serenity only nature can provide. Just minutes from the sparkling waters of Bass Lake and approximately 45 minutes from the iconic Yosemite National Park, this location is ideal for a vacation home, Airbnb investment, or personal getaway. The cabin itself is full of charm and potential, featuring a classic woodsy design with generous living space and a layout ready for your vision. While it does need repairs and updates, it's the perfect fixer-upper for those looking to build equity and customize every detail to their taste. Imagine cozy evenings by the fire, morning coffee on the deck with panoramic forest views, and endless outdoor adventures right outside your doorhiking, boating, fishing, and exploring all that the Sierra has to offer. With its unbeatable location, scenic setting, and endless upside, this is more than a propertyit's an opportunity to craft a true mountain escape. Bring your tools, your creativity, and your vision and make this hidden gem shine.

17. 2026-04-16
    listed $165,000 Active 1377-char remark

    Show marketing remark (1377 chars)

    Tucked along the edge of the majestic Sierra National Forest, this rustic three-bedroom, two-bathroom cabin offers a rare opportunity to create your dream mountain retreat in one of Central California's most sought-after destinations. Set against a breathtaking backdrop overlooking the Peckinpah Mountain Range, the property invites you to wake up to sweeping views, towering pines, and the quiet serenity only nature can provide. Just minutes from the sparkling waters of Bass Lake and approximately 45 minutes from the iconic Yosemite National Park, this location is ideal for a vacation home, Airbnb investment, or personal getaway. The cabin itself is full of charm and potential, featuring a classic woodsy design with generous living space and a layout ready for your vision. While it does need repairs and updates, it's the perfect fixer-upper for those looking to build equity and customize every detail to their taste. Imagine cozy evenings by the fire, morning coffee on the deck with panoramic forest views, and endless outdoor adventures right outside your doorhiking, boating, fishing, and exploring all that the Sierra has to offer. With its unbeatable location, scenic setting, and endless upside, this is more than a propertyit's an opportunity to craft a true mountain escape. Bring your tools, your creativity, and your vision and make this hidden gem shine.

18. 2026-04-09
    price $165,000 1412-char remark

    Show marketing remark (1412 chars)

    Tucked along the edge of the majestic Sierra National Forest, this rustic three-bedroom, two-bathroom cabin offers a rare opportunity to create your dream mountain retreat in one of Central California’s most sought-after destinations. Set against a breathtaking backdrop overlooking the Peckinpah Mountain Range, the property invites you to wake up to sweeping views, towering pines, and the quiet serenity only nature can provide. Just minutes from the sparkling waters of Bass Lake and approximately 45 minutes from the iconic Yosemite National Park, this location is ideal for a vacation home, Airbnb investment, or personal getaway. The cabin itself is full of charm and potential, featuring a classic woodsy design with generous living space and a layout ready for your vision. While it does need repairs and updates, it's the perfect fixer-upper for those looking to build equity and customize every detail to their taste. Imagine cozy evenings by the fire, morning coffee on the deck with panoramic forest views, and endless outdoor adventures right outside your door—hiking, boating, fishing, and exploring all that the Sierra has to offer. With its unbeatable location, scenic setting, and endless upside, this is more than a property—it’s an opportunity to craft a true mountain escape. Bring your tools, your creativity, and your vision… and make this hidden gem shine.

19. 2026-03-24
    listed $185,000 Active 1412-char remark

    Show marketing remark (1412 chars)

    Tucked along the edge of the majestic Sierra National Forest, this rustic three-bedroom, two-bathroom cabin offers a rare opportunity to create your dream mountain retreat in one of Central California’s most sought-after destinations. Set against a breathtaking backdrop overlooking the Peckinpah Mountain Range, the property invites you to wake up to sweeping views, towering pines, and the quiet serenity only nature can provide. Just minutes from the sparkling waters of Bass Lake and approximately 45 minutes from the iconic Yosemite National Park, this location is ideal for a vacation home, Airbnb investment, or personal getaway. The cabin itself is full of charm and potential, featuring a classic woodsy design with generous living space and a layout ready for your vision. While it does need repairs and updates, it's the perfect fixer-upper for those looking to build equity and customize every detail to their taste. Imagine cozy evenings by the fire, morning coffee on the deck with panoramic forest views, and endless outdoor adventures right outside your door—hiking, boating, fishing, and exploring all that the Sierra has to offer. With its unbeatable location, scenic setting, and endless upside, this is more than a property—it’s an opportunity to craft a true mountain escape. Bring your tools, your creativity, and your vision… and make this hidden gem shine.

20. 2026-03-24
    listed $165,000 Active

    Show marketing remark (1412 chars)

    Tucked along the edge of the majestic Sierra National Forest, this rustic three-bedroom, two-bathroom cabin offers a rare opportunity to create your dream mountain retreat in one of Central California’s most sought-after destinations. Set against a breathtaking backdrop overlooking the Peckinpah Mountain Range, the property invites you to wake up to sweeping views, towering pines, and the quiet serenity only nature can provide. Just minutes from the sparkling waters of Bass Lake and approximately 45 minutes from the iconic Yosemite National Park, this location is ideal for a vacation home, Airbnb investment, or personal getaway. The cabin itself is full of charm and potential, featuring a classic woodsy design with generous living space and a layout ready for your vision. While it does need repairs and updates, it's the perfect fixer-upper for those looking to build equity and customize every detail to their taste. Imagine cozy evenings by the fire, morning coffee on the deck with panoramic forest views, and endless outdoor adventures right outside your door—hiking, boating, fishing, and exploring all that the Sierra has to offer. With its unbeatable location, scenic setting, and endless upside, this is more than a property—it’s an opportunity to craft a true mountain escape. Bring your tools, your creativity, and your vision… and make this hidden gem shine.

21. 2026-03-24
    listed $165,000 Active

    Show marketing remark (1412 chars)

    Tucked along the edge of the majestic Sierra National Forest, this rustic three-bedroom, two-bathroom cabin offers a rare opportunity to create your dream mountain retreat in one of Central California’s most sought-after destinations. Set against a breathtaking backdrop overlooking the Peckinpah Mountain Range, the property invites you to wake up to sweeping views, towering pines, and the quiet serenity only nature can provide. Just minutes from the sparkling waters of Bass Lake and approximately 45 minutes from the iconic Yosemite National Park, this location is ideal for a vacation home, Airbnb investment, or personal getaway. The cabin itself is full of charm and potential, featuring a classic woodsy design with generous living space and a layout ready for your vision. While it does need repairs and updates, it's the perfect fixer-upper for those looking to build equity and customize every detail to their taste. Imagine cozy evenings by the fire, morning coffee on the deck with panoramic forest views, and endless outdoor adventures right outside your door—hiking, boating, fishing, and exploring all that the Sierra has to offer. With its unbeatable location, scenic setting, and endless upside, this is more than a property—it’s an opportunity to craft a true mountain escape. Bring your tools, your creativity, and your vision… and make this hidden gem shine.

22. 2025-03-06
    historical
23. 2025-03-06
    status Active
24. 2025-03-05
    historical
25. 2024-07-22
    price $225,000
26. 2024-07-22
    price $225,000
27. 2024-05-01
    price $243,000
28. 2024-05-01
    price $243,000
29. 2024-03-06
    listed $249,000 Active
30. 2016-11-04
    historical
31. 2016-10-19
    price $99,000
32. 2016-10-19
    price $99,000
33. 2016-09-21
    listed $125,000 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: $1,280 · $107/mo
• Projected year-2 tax: $1,280 · $107/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $11,147
• − Mortgage interest: −$7,842
• − Property taxes: −$1,280
• − Insurance: −$700
• − Repairs & maintenance: −$892
• − Management: −$892
• − Depreciation: −$4,073
• Taxable loss: −$4,531
• Est. tax savings @ 24.0%: +$1,087
• After-tax cash flow: $-896/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: Chawanakee Unified
• NCES district ID: 0600116
• Math proficiency: 26% ▲ 2.00%
• Reading proficiency: 44% ▼ -2.00%
• Median HH income: $52,014
• Composite: 33.14/100
• National rank: #10623
• State rank: #876 of 1400 in CA

Livability — North Fork

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: North Fork, CA
• Population (ZIP): 297

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 White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 5% Two or more races 4% Native American 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Scottish 3%
• Languages at home: 98% English-only · Spanish 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: ▼ -1.45%
• Current HPI: 228.5082
• 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

+12.0% since first listed

18 events — show timeline

• 2026-05-18 Price Changed $140,000 FRESNOMLS
• 2026-04-16 Listed $165,000 FRESNOMLS
• 2026-04-09 Price Changed $165,000 CRMLS
• 2026-03-24 Listed $165,000 BAREIS
• 2026-03-24 Listed $165,000 San Francisco MLS
• 2026-03-24 Listed $185,000 CRMLS
• 2025-03-06 Listing Removed — CRMLS
• 2025-03-06 Relisted — CRMLS
• 2025-03-05 Listing Removed — CRMLS
• 2024-07-22 Price Changed $225,000 CRMLS
• 2024-07-22 Price Changed $225,000 FRESNOMLS
• 2024-05-01 Price Changed $243,000 CRMLS
• 2024-05-01 Price Changed $243,000 FRESNOMLS
• 2024-03-06 Listed $249,000 CRMLS
• 2016-11-04 Listing Removed — CRMLS
• 2016-10-19 Price Changed $99,000 CRMLS
• 2016-10-19 Price Changed $99,000 FRESNOMLS
• 2016-09-21 Listed $125,000 CRMLS

Property tax history

+2.2%/yr

Latest (2025): $1,280 · +1.6% YoY. Source: county tax records.