112 Lucard St · Taft, CA 93268

$92,500

1 bd · 1.0 ba · 589 sqft · SingleFamily public records · 6 Days on market

Built 1925 3,049 sqft lot Est $111k · 16% 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).

• ARV discount +14.9/15.0
• Cash flow +13.7/30.0
• Rent growth +5.0/5.0
• 1% rule +4.8/10.0
• DSCR +4.1/10.0
• Schools +3.1/10.0
• Livability +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investors Special!Cute 1-bedroom, 1 bath home with great potnetial!This property needs some TLC but offers an excellent opportunity for investors, first-time buyers, or anyone looking to create their own cozy space. Ideal as a starter home for a small family. Conviently located close to schools , shopping and evertday amenities. Bring your vision and make this property shine!Don't miss the affordable opportunity - schedule your showing today !

Key facts

• 3,049 sq ft lot
• Built 1925
• Listed 6 days

Property features AI

Finance

• Other: Lot is approximately 0.07 acre; Subdivision: Southern Pacific La; Cross street: 2nd

Exterior

• Parking: Uncovered parking
• Utilities: Public water; Sewer
• Home design: Single-family residence (R1 zoning)
• Construction: Composition roof
• Exterior features: Uncovered patio; Vacant occupant status

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Evaporative cooling; Floor/wall heating
• Interior features: Evaporative cooling; Floor/wall heaters; No fireplace

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $6 ($73/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 $91k (1.9% below list).
• Recommended offer: $91k (1.9% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.3% in Taft — 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 53/100 on livability (#945 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: cost of living C-, employment D+, crime 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $640 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.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $56k; list at $92k implies a 64% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major 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 $90,752 (1.9% 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 D-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. 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: 0.98% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.28%
• DSCR: 1.01
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $110,732
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
112 Lucard St	0.00mi	1/1.0	589 (0%)	0mo	$90,000	$153	100
406 5th St	0.31mi	2/1.0 (+1)	612 (+4%)	11mo	$115,000	$188	64
325 Lucard St	0.21mi	1/1.0	507 (-14%)	17mo	$108,000	$213	53
505 5th St	0.33mi	1/1.0	512 (-13%)	17mo	$48,000	$94	49
218 Warren St	0.22mi	2/1.0 (+1)	660 (+12%)	20mo	$154,500	$234	48
1016 Buena Vista St	0.72mi	2/1.0 (+1)	646 (+10%)	4mo	$60,000	$93	42

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: -9.8%
• Equity multiple: 0.62×
• Total profit: $-9,746
• Equity at exit: $13,792

10-year hold

• IRR: 5.9%
• Equity multiple: 1.54×
• Total profit: $14,077
• Equity at exit: $7,998

Cash invested: $25,900 (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: 8.5×

Monthly cashflow live

• Estimated rent: $908 medium
• Mortgage (P&I): −$485
• Tax from tax record: −$187 /mo · $2,247/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$191
• Net cashflow: $6

Break-even live

Break-even rent $900

Max offer price $92,500

Occupancy floor 94%

Sensitivity live

Price	-10% $58	-5% $32	+0% $6	+5% $-20	+10% $-46
Rent	-10% $-66	-5% $-30	+0% $6	+5% $42	+10% $78
Rate	-1.0pp $53	-0.5pp $30	base $6	+0.5pp $-18	+1.0pp $-42

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: $23,125
• Closing costs: $2,775
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
155 1/2 North St Unit C Taft, CA	1.0	1.0	644	$875	$1.36	4d	1	0.18mi
319 1/2 San Emidio St Apt B Taft, CA	1.0	1.0	700	$900	$1.29	12d	1	0.22mi

Listing history 6 events

1. 2026-06-09
   status $92,500 Pending 6 DOM
2. 2026-06-08
   days on market $92,500 Active 6 DOM
3. 2026-06-07
   days on market $92,500 Active 5 DOM
4. 2026-06-05
   days on market $92,500 Active 2 DOM
5. 2026-06-03
   remarks 447-char remark
6. 2026-06-03
   listed $92,500 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: $2,247 · $187/mo
• Projected year-2 tax: $2,247 · $187/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 7/10 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: $10,890
• − Mortgage interest: −$5,181
• − Property taxes: −$2,247
• − Insurance: −$462
• − Repairs & maintenance: −$871
• − Management: −$871
• − Depreciation: −$2,691
• Taxable loss: −$1,434
• Est. tax savings @ 24.0%: +$344
• After-tax cash flow: $417/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 — Taft

• Score: 53/100
• State rank: #945
• US rank: #24400

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taft, CA
• County: Kern County · 710,371 people
• City population: 16,963
• 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

+63.7% since first listed

2 events — show timeline

• 2026-06-02 Listed $92,500 GEMLS
• 2004-12-23 Sold (Public Records) $56,500 Public Records

Property tax history

+8.2%/yr

Latest (2025): $2,247 · +1.6% YoY. Source: county tax records.