1015 Castaic AveBakersfieldCA93308
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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 1015 Castaic Ave, Bakersfield, CA, 93308 with 5% annual appreciation on a $225,999 basis while $1,675/mo rent supports operations. Total monthly income totals $1,675/mo and a $1,106/mo payment preserves $230/mo for cash returns. Annual cash flow comes to $2,760/yr on $74,919 deployed, and return on cash invested reaches 23.59% in year one. Equity gained on principal adds $1,458/yr, and five-year appreciation sums $62,439 alongside rental yield of 8.89%. Five-year ROI measures 122.85% and total cumulative return in cash totals $92,039.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,675/mo property income versus a $1,106/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
6,534 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: Shanti D. Brinsfield • Watson Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202412177
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.