11014 Vista Ridge DrBakersfieldCA93311
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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 11014 Vista Ridge Dr, Bakersfield, CA, 93311 offers a 12.96% rental yield on a $384,000 purchase with $4,148/mo rent. Total monthly income registers $4,148/mo, and a $1,879/mo payment leaves $1,698/mo available for distribution. Annual cash flow reaches $20,377/yr on $127,296 to close, and return on cash invested stands at 35.92% in year one. Equity gained on principal adds $2,478/yr while 5% annual appreciation supports $106,092 over five years. Portfolio math shows five-year ROI at 188.96% and total cumulative return in cash at $240,536. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,148/mo property income against a $1,879/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
7,405 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
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Listed by: Raye Bugnosen • Miramar International Calloway
Mls Name: TAAR
Mls ID: #9991495
Disclaimer: Based on information from the Tehachapi Area Association of REALTORS as of 2024-08-27 03:30:19 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.