1022 Smith StBakersfieldCA93307
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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
Rental property for sale in Bakersfield at 1022 Smith St, Bakersfield, CA, 93307 priced at $233,000 pairs $2,378/mo rent with $937/mo cash flow after a $1,140/mo payment. Total monthly income equals $2,378/mo, and annual cash flow comes to $11,244/yr on $77,240 invested. Return on cash invested is 34.47% in year one, and rental yield stands at 12.25% on a $233,000 basis. Equity gained on principal adds $1,504/yr, and 5% annual appreciation accumulates to $64,374 by year five. Five-year ROI measures 180.97% and total cumulative return in cash reaches $139,777. For financing, Ziffy Mortgage’s DSCR program evaluates $2,378/mo property income against a $1,140/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
9,147 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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Listed by: Timothy Franklin McCrary • Stockdale Real Estate Group
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202504018
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.