710 E Elm St · Hanford, CA 93230

$175,000

3 bd · 1.0 ba · 1,332 sqft · SingleFamily public records · 1 Days on market

Built 1947 7,440 sqft lot Est $312k · 44% under

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Why this score? — see what drove the B- 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 +26.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +6.5/10.0
• Livability +3.8/5.0
• Schools +3.6/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Traditional sale! Charming 3 bedroom 1 bath home. Move in READY & nicely updated throughout! Beautiful wood laminate flooring in the living room, kitchen & dining room as well as fresh paint in the entire home. Kitchen has beautiful granite counters & a new cooktop as well as a built in oven & dishwasher. Isolated front bedroom could also work as a home office or additional living space. New carpet in the bedrooms. Bathroom features new plank tile flooring, new tile shower/tub & a new vanity. Indoor laundry & a detached garage with an extra long driveway for extra parking.

Key facts

• Generous lot
• Outdoor space
• Significant grounds

Tags

• GENEROUS LOT
• SUBSTANTIAL LAND AREA
• OUTDOOR SPACE
• FLEXIBILITY FOR EXPANSION
• SIGNIFICANT GROUNDS

Property features AI

Finance

• Other: Property listed with Tulare County MLS

Exterior

• Parking: Attached garage with 1 car space
• Utilities: Public water; Public sewer; Natural gas available and connected; Electricity connected
• Home design: Single-family residence; One-story
• Exterior features: Shingle roof; Irregular lot shape

Interior

• Bathrooms: 1 full bathroom
• Interior features: Living room fireplace; Central heating; Central air conditioning

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $460 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Cap rate 9.4% vs local median 3.9% in Hanford — 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 75/100 on livability (#121 in CA, #4,255 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, amenities B; Watch: crime D+, health & safety D+, cost of living F.
• Hanford Joint Union High (urban): math 20% / reading 58% proficiency, ranked #765 of 1,400 in CA (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.9%/yr); 430 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 741 units permitted in Kings County in 2024 (307 in 5+ unit buildings).
• This rent runs 32% of the median local income ($76k/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 $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 2.9% rent growth), your $49k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $124k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,000

Questions for the listing agent

1. Built in 1947 — 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. Crime grade is D 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?
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: 1.15% ✓
• Cap rate: 9.45%
• Cash-on-cash: 11.27%
• DSCR: 1.50
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $311,688
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
813 E Florinda St	0.09mi	3/2.0	1,275 (-4%)	4mo	$285,000	$224	82
803 Gladys Way	0.16mi	3/2.0	1,272 (-4%)	2mo	$320,000	$252	79
1313 N East St	0.41mi	3/1.0	1,260 (-5%)	8mo	$292,000	$232	65
1236 N Brown St	0.52mi	3/1.0	1,366 (+3%)	8mo	$305,000	$223	65
1004 E Myrtle St	0.34mi	3/2.0	1,225 (-8%)	5mo	$300,000	$245	63
1175 Levich Cir	0.71mi	3/2.0	1,318 (-1%)	0mo	$305,000	$231	61
1395 N Alta Way	0.48mi	3/2.0	1,217 (-9%)	2mo	$231,000	$190	57
427 E 9th St	0.43mi	3/1.0	1,197 (-10%)	8mo	$215,000	$180	56
1326 Elm Ct	0.60mi	3/2.0	1,233 (-7%)	2mo	$360,000	$292	54
1133 Summer Fld	0.62mi	3/2.0	1,233 (-7%)	4mo	$350,000	$284	51
1326 N Normandie	0.48mi	2/1.5 (-1)	1,220 (-8%)	6mo	$285,000	$234	51
1205 Hawthorn St	0.63mi	3/2.0	1,176 (-12%)	2mo	$330,000	$281	46

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 · 2.87% rent growth · sell at horizon

5-year hold

• IRR: 0.4%
• Equity multiple: 1.01×
• Total profit: $658
• Equity at exit: $26,093

10-year hold

• IRR: 9.9%
• Equity multiple: 1.76×
• Total profit: $37,143
• Equity at exit: $15,131

Cash invested: $49,000 (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 93230

• Rents YoY: 2.9%
• Active inventory: 430
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,009 high
• Mortgage (P&I): −$918
• Tax from tax record: −$137 /mo · $1,640/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $460

Break-even live

Break-even rent $1,427

Max offer price $175,000

Occupancy floor 72%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1373 Van Ct Hanford, CA	3.0	2.0	1236	$1,900	$1.54	21d	1	0.69mi
345 Hanford, CA	3.0	2.0	1509	$2,400	$1.59	13d	1	0.70mi
SAND CYN Outside Area (Inside Ca), CA	2.0–3.0	2.0	949	$2,809	$2.96	13d	3	0.76mi
1823 N 10th Ave Unit 1819 Hanford, CA	2.0	1.0	900	$1,450	$1.61	13d	1	0.81mi
1819 N 10th Ave Hanford, CA	2.0	1.0	900	$1,450	$1.61	13d	1	0.81mi
10480 9 1/2 Ave Unit B Hanford, CA	3.0	2.0	1800	$1,995	$1.11	21d	1	1.05mi
140 W Terrace Dr Hanford, CA	2.0	2.0	1664	$1,995	$1.20	21d	1	1.09mi
630 Neville St Hanford, CA	2.0	1.0	1399	$1,550	$1.11	21d	1	1.16mi
2144 Beechwood Ct Hanford, CA	3.0	2.0	1466	$1,950	$1.33	13d	1	1.16mi
1920 N 11th Ave Hanford, CA	3.0	2.0	1500	$1,650	$1.10	21d	1	1.39mi
994 S Harris St Hanford, CA	3.0	2.0	1278	$1,650	$1.29	13d	1	1.44mi
2337 N 10th Ave Hanford, CA	3.0	2.0	1248	$1,795	$1.44	13d	1	1.44mi
2403 Cherrywood Ct Hanford, CA	4.0	2.0	1311	$2,450	$1.87	13d	1	1.48mi

Listing history 2 events

1. 2026-06-09
   remarks 511-char remark
2. 2026-06-09
   listed $175,000 Pending 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: $1,640 · $137/mo
• Projected year-2 tax: $1,640 · $137/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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 49 unhealthy d/yr today · 50 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,111
• − Mortgage interest: −$9,803
• − Property taxes: −$1,640
• − Insurance: −$875
• − Repairs & maintenance: −$1,929
• − Management: −$1,929
• − Depreciation: −$5,091
• Taxable income: $2,845
• Est. tax owed @ 24.0%: −$683
• After-tax cash flow: $4,837/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: Hanford Joint Union High
• NCES district ID: 0616500
• Math proficiency: 20% ▲ 1.00%
• Reading proficiency: 58% ▬ 0.00%
• Median HH income: $47,265
• Composite: 35.8/100
• National rank: #9626
• State rank: #765 of 1400 in CA

Livability — Hanford

• Score: 75/100
• State rank: #121
• US rank: #4255

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Kings County · 107,655 people
• City population: 69,684
• Metro: Hanford-Corcoran, CA
• Population (ZIP): 69,684
• Household income: $76,023
• Rent vs Own: 38.7% rent · 61.3% own
• Severe rent burden: 2081.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 147,136 people
• By 2030: 145,623 · -1.0%
• By 2040: 146,017 · -0.8%
• By 2050: 145,239 · -1.3%
• By 2075: 131,479 · -10.6%
• By 2100: 103,967 · -29.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 52% White 35% Two or more races 19% Black 5% Asian 3% Native American 2%
• Hispanic origin (detail): Mexican 49%
• Common ancestry: Russian 6% Italian 2% Lithuanian 1%
• Foreign-born: 17% · Canada
• Languages at home: 65% English-only · Spanish 31% Other Indo-European 2% Tagalog/Filipino 2%

Political lean MEDSL · Kings

• 2024 margin: Strong R (+23.0) · D 37.4% · R 60.4% · Other 2.2%
• 2008→2024 swing: -8.9pp toward R · 2008: -14.1pp · 2024: -23.0pp
• All cycles: 2024: R+23.0 2020: R+12.2 2016: R+14.1 2012: R+16.3 2008: R+14.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -267.79%
• Current HPI: 321.3409
• Rent YoY: ▲ 2.87%
• Metro: Hanford-Corcoran, 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

+150.0% since first listed

9 events — show timeline

• 2026-06-08 Pending — TCMLS
• 2026-05-23 Listed $175,000 TCMLS
• 2015-02-05 Sold (Public Records) $124,100 Public Records
• 2015-02-05 Sold (MLS) $124,000 KCBOR
• 2015-02-05 Sold (MLS) $124,000 FRESNOMLS
• 2014-10-19 Listed $119,900 KCBOR
• 2014-10-19 Listed $119,900 FRESNOMLS
• 2014-09-05 Sold (Public Records) $55,000 Public Records
• 1992-03-26 Sold (Public Records) $70,000 Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,640 · +3.7% YoY. Source: county tax records.