1003 Niles StBakersfieldCA93305
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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 1003 Niles St, Bakersfield, CA, 93305 uses $99,119 cash to close to unlock $1,293/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $1,957/mo, and a $1,463/mo payment keeps the spread at $108/mo. Purchase price stands at $299,000, and rental yield measures 7.85% with $1,957/mo rent. Return on cash invested shows 21.21% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 109.83% and total cumulative return in cash records $108,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,957/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1910
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93305, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,083 (100%) |
| Owner Occupied HU | 4,330 (35.8%) |
| Renter Occupied HU | 7,204 (59.6%) |
| Vacant Housing Units | 549 ( 4.5%) |
| Median Home Value | $280,402 |
| Average Home Value | $352,555 |
Housing Distribution
Address Breakdown
Residential
11,593
Single Family
10,310
Multi-Family
1,283
Businesses
893
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Listed by: Javier Perez Juarez • The Mora Partners Inc.
Mls Name: Bakersfield AOR
Mls ID: #202510101