109 Bancroft DriveBakersfieldCA93308
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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 109 Bancroft Drive, Bakersfield, CA, 93308 uses $94,477 cash to close to unlock $4,643/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $2,150/mo, and a $1,395/mo payment keeps the spread at $387/mo. Purchase price stands at $284,999, and rental yield measures 9.05% with $2,150/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 129.18% and total cumulative return in cash records $122,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,150/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,097 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: Margarita I Sanchez • Real Brokerage Technologies Farmersville
Mls Name: TCMLS
Mls ID: #236431