$259,900 · KERN COUNTY, TEHACHAPI, CA 93561
Works for flippers · Landlords would lose money

Available

$259,900Asking price

3 bd · 2 ba · 1,452 sq ft · built 1991

KERN COUNTY, TEHACHAPI, CA 93561

Contract on file

1 view · listed Oct 13

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $400,000
Asking price: −$259,900
RepairsMiddle of the seller’s $22,000 – $40,500. Ours: $17,000 – $35,500: −$31,250
Loan, holding, closing20% down, 12% interest, 2 points, 73 days: −$28,945
Profit20.0% of ARV · flippers want 10%+: $79,905
Works

Works for a flipper up to $297,000.

GENTRY REAL ESTATE AZ

CHANDLER BOGLE

5.0 · 1 review

Comps

Sales

Rents

ARV $400,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $400,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

GENTRY REAL ESTATE AZ

CHANDLER BOGLE

5.0 · 1 review

Seller Description

Tehachapi, CA — 3/2 SFR (1,452 SF) with a comps-backed ARV of $400,000 offered at $259,900. That’s a 35% discount to ARV and a projected $99,600 spread to retail. Flip case: ARV $400,000 with an estimated flip profit of $79,905 and projected ROI of 25%. Built-in equity at purchase is 35% below ARV, giving room for a light value-add and resale. Rental case: estimated rent $2,700/mo with projected monthly cash flow of $204. Pro forma cap rate is 7.3% and cash-on-cash return is 4.7% (assumptions: 20% down, 7% rate, 30-year amortization, 20% expenses, 8% vacancy; 14 rent comps used). Condition is noted as Light Rehab with repairs estimated at $22,000–$40,500, positioning this as a straightforward lift to the $400,000 ARV. Cash buyers preferred for a quick close.