1000 Olive Dr APT 4BakersfieldCA93308
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Bakersfield at 1000 Olive Dr APT 4, Bakersfield, CA, 93308 earns $93/mo cash flow from $1,608/mo rent with a $1,199/mo payment. Total monthly income totals $1,608/mo, and annual cash flow totals $1,111/yr on $81,216 capital. ROI tracks 21.28% on current figures, and rental yield reads 7.88% at a $244,995 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,688 over five years. Five-year ROI reaches 110.19% and total cumulative return in cash sums $89,495. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,608/mo property income instead of your personal income.
Condo
Built in 1981
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
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Listed by: Louise C Juracek • Open Door Real Estate
Mls Name: Bakersfield AOR
Mls ID: #202508578