700 S Silver Ridge St #8 · Ridgecrest, CA 93555

$50,000

2 bd · 1.0 ba · 784 sqft · Manufactured public records · 357 Days on market

Built 1985 $475/mo HOA · 41% of rent ↓ 17% since listing

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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 +23.2/30.0
• 1% rule +10.0/10.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable and cozy 2-bedroom, 1 bathroom manufactured home located in Green Acres Mobile Home Estate. Great for anyone seeking a budget friendly living space. Equipped with cool evaporative air conditioning including Ceiling fans in dining room and both bedrooms! Kitchen overlooks dining and living room, perfect for entertaining or keeping connected while cooking. Kitchen features a new sink and functional garbage disposal. Bathroom includes newly installed shower head. Front landscaping with rock cover, tree for shade, and a charming palm tree. Covered front porch, great for relaxing outdoors. Driveway for one car parking. Includes 3 sheds for storage or hobby space! Great Investment opportunity! Park has swimming pool for those hot summer days!

Key facts

• Covered front porch
• New sink
• Front landscaping

Tags

• EVAPORATIVE AIR CONDITIONING
• NEW SINK
• FUNCTIONAL GARBAGE DISPOSAL
• NEWLY INSTALLED SHOWER HEAD
• FRONT LANDSCAPING
• COVERED FRONT PORCH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $50k.

Deal economics

• At list price, monthly cash flow is $91 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.0% in Ridgecrest — 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 70/100 on livability (#243 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: schools C-, amenities D+, cost of living D+.
• Sierra Sands Unified (town): math 25% / reading 39% proficiency, ranked #294 of 517 in CA (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 328 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• This rent is only 16% of the median local income ($87k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 of loan paydown is wiped out by about $2k 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 + 3.6% rent growth), your $14k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 357 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 41% of rent.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $44,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 357 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
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: 2.31% ✓
• Cap rate: 8.47%
• Cash-on-cash: 7.77%
• DSCR: 1.35
• GRM: 3.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.58% rent growth · sell at horizon

5-year hold

• IRR: -2.5%
• Equity multiple: 0.90×
• Total profit: $-1,339
• Equity at exit: $7,455

10-year hold

• IRR: 9.0%
• Equity multiple: 1.74×
• Total profit: $10,340
• Equity at exit: $4,323

Cash invested: $14,000 (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 93555

• Home prices YoY: -24.0%
• Rents YoY: 3.6%
• Active inventory: 328
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,153 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$475
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $91

Break-even live

Break-even rent $1,039

Max offer price $50,000

Occupancy floor 87%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
141 W Upjohn Ave Unit 109 Ridgecrest, CA	2.0	2.0	1000	$1,100	$1.10	2d	1	0.52mi
1140 College Heights Blvd Ridgecrest, CA	2.0	1.0	950	$1,050	$1.11	2d	1	0.53mi
419 S Sanders St Ridgecrest, CA	1.0	1.0	943	$900	$0.95	43d	1	0.61mi
228 S Gemstone St Unit B Ridgecrest, CA	2.0	1.0	891	$1,000	$1.12	2d	1	0.65mi
219 W Robertson Rd Ridgecrest, CA	3.0	1.0	955	$1,200	$1.26	19d	1	0.71mi
405 Rick Ct Unit A Ridgecrest, CA	1.0	1.0	625	$950	$1.52	2d	1	0.71mi
235 W Robertson Rd Ridgecrest, CA	2.0	1.0	725	$1,250	$1.72	2d	1	0.74mi
327 W Haloid Ave Ridgecrest, CA	2.0	1.5	800	$1,100	$1.38	2d	1	0.75mi
824 S Norma St Unit 832A Ridgecrest, CA	3.0	2.0	925	$1,650	$1.78	2d	1	0.75mi
824 S Norma St Unit 848B Ridgecrest, CA	2.0	1.0	800	$1,350	$1.69	23d	1	0.75mi
824 S Norma St Unit 848A Ridgecrest, CA	2.0	1.0	800	$1,350	$1.69	2d	1	0.75mi
824 S Norma St Unit 804B Ridgecrest, CA	2.0	2.0	850	$1,550	$1.82	2d	1	0.75mi
308 W Wilson Ave Apt B Ridgecrest, CA	2.0	1.0	880	$1,275	$1.45	2d	1	0.76mi
736 S Norma St Unit C Ridgecrest, CA	2.0	1.0	800	$1,000	$1.25	2d	1	0.77mi
707 S Norma St Ridgecrest, CA	2.0	1.0	950	$1,000	$1.05	2d	1	0.81mi
311 W Church Ave Unit B Ridgecrest, CA	2.0	1.0	780	$1,475	$1.89	2d	1	0.82mi
520 Commercial Ave Unit B Ridgecrest, CA	1.0	1.0	600	$725	$1.21	2d	1	0.87mi
741 S Allen St Unit B Ridgecrest, CA	2.0	1.0	700	$950	$1.36	43d	1	0.88mi
741 S Allen St Unit D Ridgecrest, CA	1.0	1.0	850	$900	$1.06	2d	1	0.88mi
424 W Wilson Ave Unit A Ridgecrest, CA	2.0	1.0	900	$995	$1.11	2d	1	0.89mi
519 E Ridgecrest Blvd Unit A Ridgecrest, CA	2.0	1.5	832	$1,400	$1.68	2d	1	0.89mi
525 E Ridgecrest Blvd Unit 1 Ridgecrest, CA	1.0	1.0	650	$1,075	$1.65	2d	1	0.89mi
525 E Ridgecrest Blvd Unit 4 Ridgecrest, CA	1.0	1.0	650	$825	$1.27	2d	1	0.89mi
430 W Wilson Ave Ridgecrest, CA	3.0	1.0	1080	$1,350	$1.25	2d	1	0.90mi
619 E Ridgecrest Blvd Unit B Ridgecrest, CA	2.0	2.0	950	$995	$1.05	2d	1	0.94mi
629 E Ridgecrest Blvd Unit I Ridgecrest, CA	2.0	1.0	860	$1,000	$1.16	2d	1	0.95mi
737 Commercial Ave Unit B Ridgecrest, CA	2.0	1.0	720	$800	$1.11	2d	1	0.97mi
736 Commercial Ave Unit A Ridgecrest, CA	2.0	1.0	900	$850	$0.94	2d	1	1.00mi
413 S Richmond Rd Unit B Ridgecrest, CA	2.0	1.0	990	$875	$0.88	10d	1	1.02mi
238 N Gold Canyon St Unit C533 Ridgecrest, CA	2.0	1.0	825	$1,245	$1.51	2d	1	1.03mi
238 N Gold Canyon St Unit C537A Ridgecrest, CA	3.0	1.0	1030	$1,445	$1.40	2d	1	1.03mi
238 N Gold Canyon St Unit C325B Ridgecrest, CA	1.0	1.0	620	$945	$1.52	2d	1	1.03mi
238 N Gold Canyon St Ridgecrest, CA	1.0	1.0	720	$995	$1.38	2d	1	1.03mi
413 S Sunset St Unit C Ridgecrest, CA	2.0	1.0	900	$1,050	$1.17	2d	1	1.04mi
213 Panamint Ave Unit B Ridgecrest, CA	1.0	1.0	800	$675	$0.84	10d	1	1.04mi
832 Commercial Ave Unit B Ridgecrest, CA	2.0	1.0	1000	$1,025	$1.02	2d	1	1.06mi
840 E Ridgecrest Blvd Ridgecrest, CA	1.0–2.0	1.0	744	$1,250	$1.68	2d	5	1.12mi
139 S Norma St Unit B Ridgecrest, CA	2.0	1.0	810	$950	$1.17	2d	1	1.13mi
135 S Norma St Apt A Ridgecrest, CA	2.0	1.0	810	$975	$1.20	2d	1	1.14mi
201 N Alvord St Apt E Ridgecrest, CA	2.0	1.0	768	$925	$1.20	2d	1	1.14mi

HOA detail

• Monthly dues: $475 · $5,700/yr
• Likely covers: trashlandscapingpool

Listing history 3 events

1. 2025-11-25
   price $50,000 757-char remark

   Show marketing remark (757 chars)

   Affordable and cozy 2-bedroom, 1 bathroom manufactured home located in Green Acres Mobile Home Estate. Great for anyone seeking a budget friendly living space. Equipped with cool evaporative air conditioning including Ceiling fans in dining room and both bedrooms! Kitchen overlooks dining and living room, perfect for entertaining or keeping connected while cooking. Kitchen features a new sink and functional garbage disposal. Bathroom includes newly installed shower head. Front landscaping with rock cover, tree for shade, and a charming palm tree. Covered front porch, great for relaxing outdoors. Driveway for one car parking. Includes 3 sheds for storage or hobby space! Great Investment opportunity! Park has swimming pool for those hot summer days!

2. 2025-09-21
   price $54,900 757-char remark

   Show marketing remark (757 chars)

   Affordable and cozy 2-bedroom, 1 bathroom manufactured home located in Green Acres Mobile Home Estate. Great for anyone seeking a budget friendly living space. Equipped with cool evaporative air conditioning including Ceiling fans in dining room and both bedrooms! Kitchen overlooks dining and living room, perfect for entertaining or keeping connected while cooking. Kitchen features a new sink and functional garbage disposal. Bathroom includes newly installed shower head. Front landscaping with rock cover, tree for shade, and a charming palm tree. Covered front porch, great for relaxing outdoors. Driveway for one car parking. Includes 3 sheds for storage or hobby space! Great Investment opportunity! Park has swimming pool for those hot summer days!

3. 2025-06-03
   listed $59,900 Active 757-char remark

   Show marketing remark (757 chars)

   Affordable and cozy 2-bedroom, 1 bathroom manufactured home located in Green Acres Mobile Home Estate. Great for anyone seeking a budget friendly living space. Equipped with cool evaporative air conditioning including Ceiling fans in dining room and both bedrooms! Kitchen overlooks dining and living room, perfect for entertaining or keeping connected while cooking. Kitchen features a new sink and functional garbage disposal. Bathroom includes newly installed shower head. Front landscaping with rock cover, tree for shade, and a charming palm tree. Covered front porch, great for relaxing outdoors. Driveway for one car parking. Includes 3 sheds for storage or hobby space! Great Investment opportunity! Park has swimming pool for those hot summer days!

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 14 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,842
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$1,107
• − Management: −$1,107
• − HOA: −$5,700
• − Depreciation: −$1,455
• Taxable income: $672
• Est. tax owed @ 24.0%: −$161
• After-tax cash flow: $927/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: Sierra Sands Unified
• NCES district ID: 0636800
• Math proficiency: 25% ▼ -11.00%
• Reading proficiency: 39% ▼ -11.00%
• Median HH income: $58,937
• Composite: 28.66/100
• National rank: #6699
• State rank: #294 of 517 in CA

Livability — Ridgecrest

• Score: 70/100
• State rank: #243
• US rank: #8014

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgecrest, CA
• County: Kern County · 710,371 people
• City population: 33,845
• Metro: Bakersfield, CA
• Population (ZIP): 33,845
• Household income: $86,700
• Rent vs Own: 37.5% rent · 62.5% own
• Severe rent burden: 975.0

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 (65%)
• Race & ethnicity: White 65% Hispanic / Latino 20% Two or more races 12% Black 4% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 1% Other Asian/Pacific 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: ▼ -120.17%
• Current HPI: 380.5208
• Rent YoY: ▲ 3.58%
• 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

-16.5% since first listed

3 events — show timeline

• 2025-11-25 Price Changed $50,000 SSMLS
• 2025-09-21 Price Changed $54,900 SSMLS
• 2025-06-03 Listed $59,900 SSMLS

Property tax history

-9.7%/yr

Latest (2025): $30 · +24.1% YoY. Source: county tax records.