1006 Watts DrBakersfieldCA93307
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1006 Watts Dr, Bakersfield, CA, 93307 at $215,950 posts ROI 31.63% with $699/mo cash flow from $2,035/mo rent. Total monthly income equals $2,035/mo, and annual cash flow records $8,389/yr on $71,587 to close. Return on cash invested measures 31.63% and rental yield reads 11.31% at the current $215,950. Equity gained on principal adds $1,393/yr, and 5% annual appreciation supports $59,663 by year five. Five-year ROI prints 165.73% and total cumulative return in cash totals $118,644.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,035/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93307, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 13,028 (50.4%) |
| Renter Occupied HU | 11,703 (45.2%) |
| Vacant Housing Units | 1,142 ( 4.4%) |
| Median Home Value | $284,043 |
| Average Home Value | $335,164 |
Housing Distribution
Address Breakdown
Residential
24,232
Single Family
23,187
Multi-Family
1,045
Businesses
1,316
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Nearby investment properties with comparable prices
Listed by: April M. Ortiz-Paramo • Dream Home Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202411458
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.