10607 Grand Prairie DrBakersfieldCA93311
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
Rental property for sale in Bakersfield at 10607 Grand Prairie Dr, Bakersfield, CA, 93311 offers $4,940/mo rent that, after a $2,446/mo payment, leaves $1,748/mo cash flow. Total monthly income is $4,940/mo, and annual cash flow is $20,978/yr on $165,651 cash. Return on cash invested measures 32.57% in year one, and rental yield stands at 11.86% at a $499,700 entry. Equity gained on principal adds $3,224/yr while 5% annual appreciation compounds into $138,058 by year five. Five-year ROI records 171.03% and total cumulative return in cash reaches $283,318. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,940/mo property income versus a $2,446/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93311, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,614 (100%) |
| Owner Occupied HU | 13,923 (71.0%) |
| Renter Occupied HU | 4,937 (25.2%) |
| Vacant Housing Units | 754 ( 3.8%) |
| Median Home Value | $450,345 |
| Average Home Value | $507,067 |
Housing Distribution
Address Breakdown
Residential
19,007
Single Family
17,627
Multi-Family
1,380
Businesses
627
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan C. Blanza • Watson Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202406121
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.