1102 Oleander AveBakersfieldCA93304
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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 1102 Oleander Ave, Bakersfield, CA, 93304 generates $1,498/mo in rent and, after a $764/mo payment, leaves $501/mo in cash flow. Total monthly income is $1,498/mo, and annual cash flow is $6,009/yr on $51,714 invested. Return on cash invested sits at 31.53% in year one, and rental yield is 11.52% on a $156,000 entry. Equity gained on principal adds $1,007/yr, while 5% annual appreciation builds toward $43,100 over five years. Five-year ROI reaches 165.44% and total cumulative return in cash sums $85,554. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,498/mo property income rather than buyer’s personal income.
Condo
Built in 1958
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93304, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,902 (100%) |
| Owner Occupied HU | 6,979 (41.3%) |
| Renter Occupied HU | 9,178 (54.3%) |
| Vacant Housing Units | 745 ( 4.4%) |
| Median Home Value | $268,814 |
| Average Home Value | $320,017 |
Housing Distribution
Address Breakdown
Residential
16,210
Single Family
13,980
Multi-Family
2,230
Businesses
1,062
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