908 Bunting Dr · Casa Loma, CA 93307

$210,000

2 bd · 1.0 ba · 963 sqft · SingleFamily public records · 3 Days on market

Built 1936 8,276 sqft lot Est $247k · 15% under

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Why this score? — see what drove the D+ 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 +14.3/30.0
• ARV discount +14.3/15.0
• DSCR +4.4/10.0
• Rent growth +3.9/5.0
• Schools +3.4/10.0
• 1% rule +3.2/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Short Sale

Key facts

• 8,276 sq ft lot
• Garage
• Built 1936

Property features AI

Exterior

• Parking: 1-car garage; Uncovered parking
• Utilities: Public water; Sewer
• Home design: Residential single-family (RS zoning); Vacant
• Construction: Composition roof; Concrete/perimeter foundation
• Exterior features: Located on a cul-de-sac; Horse allowed

Interior

• Kitchen: Range/Oven
• Bathrooms: 1 full bathroom
• Heating & cooling: Central A/C
• Interior features: Formal living room; Breakfast area; Range/Oven

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $39 ($464/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 $173k (17.6% below list).
• Recommended offer: $173k (17.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Kern High (urban): math 21% / reading 51% proficiency, ranked #860 of 1,400 in CA (top 61%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.7%/yr); 311 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• This rent runs 37% of the median local income ($56k/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 $6k 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 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 13y 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 $49k; list at $210k implies a 329% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1936 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $173,029 (17.6% below list)

Questions for the listing agent

1. Built in 1936 — 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. 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?
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: 0.82% ✗
• Cap rate: 6.51%
• Cash-on-cash: 0.79%
• DSCR: 1.04
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $247,491
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
305 Madison St	0.44mi	2/1.0	953 (-1%)	1mo	$90,000	$94	77
315 Churchill Dr	0.40mi	3/1.0 (+1)	900 (-6%)	1mo	$260,000	$289	65
211 S Milham Dr	0.37mi	3/1.0 (+1)	977 (+2%)	15mo	$269,000	$275	63
103 S Milham Dr	0.59mi	2/1.0	959 (-0%)	12mo	$395,000	$412	62
204 E Brundage	0.63mi	3/1.0 (+1)	978 (+2%)	7mo	$195,000	$199	58
299 S Hayes St	0.49mi	2/1.0	852 (-12%)	1mo	$245,000	$288	57
208 Churchill Dr	0.44mi	3/1.0 (+1)	1,046 (+9%)	9mo	$220,000	$210	52
312 Trinity Ave	0.41mi	2/1.0	850 (-12%)	11mo	$190,000	$224	52
202 Madison St	0.49mi	3/1.0 (+1)	1,070 (+11%)	11mo	$275,000	$257	44
300 Brundage Ln	0.62mi	2/1.0	864 (-10%)	15mo	$255,000	$295	41
405 Lawson	0.69mi	2/1.0	830 (-14%)	5mo	$195,000	$235	40
1420 Reese Ave	0.68mi	3/1.5 (+1)	1,084 (+13%)	7mo	$202,500	$187	35

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 · 5.71% rent growth · sell at horizon

5-year hold

• IRR: -12.3%
• Equity multiple: 0.54×
• Total profit: $-26,768
• Equity at exit: $31,312

10-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $685
• Equity at exit: $18,157

Cash invested: $58,800 (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 93307

• Rents YoY: 5.7%
• Active inventory: 311
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,730 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$139 /mo · $1,674/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $39

Break-even live

Break-even rent $1,681

Max offer price $210,000

Occupancy floor 93%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
310 Ohio Dr Unit B Bakersfield, CA	3.0	2.0	1100	$2,000	$1.82	10d	1	0.40mi
309 Lloyd St Bakersfield, CA	2.0	1.0	798	$1,595	$2.00	3d	1	0.67mi
6 S Owens St Bakersfield, CA	3.0	2.0	1088	$1,950	$1.79	44d	1	0.78mi
900 Melwood St Bakersfield, CA	3.0	2.0	1014	$2,500	$2.47	3d	1	1.02mi
345 Doctor Martin Luther King Junior Blvd Apt A Bakersfield, CA	2.0	1.0	750	$1,050	$1.40	3d	1	1.35mi
2905 S Chester Ave Apt C Bakersfield, CA	2.0	2.0	800	$1,395	$1.74	3d	1	1.37mi
2909 S Chester Ave Unit 16 Bakersfield, CA	2.0	1.5	700	$995	$1.42	3d	1	1.38mi
419 8th St Bakersfield, CA	3.0	2.0	916	$2,200	$2.40	3d	1	1.40mi
105 Eye St Unit B Bakersfield, CA	1.0	1.0	795	$995	$1.25	44d	1	1.42mi
1517 Ralston St Unit 1517-A Bakersfield, CA	3.0	2.0	960	$1,295	$1.35	3d	1	1.43mi
1916 Talisman Dr Bakersfield, CA	2.0	1.0	800	$1,600	$2.00	3d	1	1.44mi

Listing history 4 events

1. 2026-06-18
   days on market $210,000 Active 3 DOM
2. 2026-06-17
   days on market $210,000 Active 2 DOM
3. 2026-06-15
   remarks 92-char remark
4. 2026-06-15
   listed $210,000 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: $1,674 · $139/mo
• Projected year-2 tax: $1,674 · $139/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 · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 33 unhealthy d/yr today · 37 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,763
• − Mortgage interest: −$11,763
• − Property taxes: −$1,674
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,661
• − Management: −$1,661
• − Depreciation: −$6,109
• Taxable loss: −$3,155
• Est. tax savings @ 24.0%: +$757
• After-tax cash flow: $1,222/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: Kern High
• NCES district ID: 0619540
• Math proficiency: 21% ▬ 0.00%
• Reading proficiency: 51% ▲ 2.00%
• Median HH income: $49,686
• Composite: 33.68/100
• National rank: #10443
• State rank: #860 of 1400 in CA

Livability — Casa Loma

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

Census & demographics

• Census place: Casa Loma, CA
• County: Kern County · 710,371 people
• Metro: Bakersfield, CA
• Population (ZIP): 85,945
• Household income: $56,446
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 3246.0

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: Predominantly Hispanic (80%)
• Race & ethnicity: Hispanic / Latino 80% Two or more races 12% White 10% Black 6% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 73%
• Common ancestry: Lithuanian 0%
• Foreign-born: 31% · Canada
• Languages at home: 28% English-only · Spanish 69% Other Indo-European 1% 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: ▼ -263.59%
• Current HPI: 447.1746
• Rent YoY: ▲ 5.71%
• 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

+55.6% since first listed

5 events — show timeline

• 2026-06-14 Listed $210,000 GEMLS
• 2013-12-13 Sold (MLS) $49,000 GEMLS
• 2013-12-12 Sold (Public Records) $49,000 Public Records
• 2013-04-01 Listed $49,000 GEMLS
• 2006-10-13 Sold (Public Records) $135,000 Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,674 · +2.8% YoY. Source: county tax records.