1108 Smith StBakersfieldCA93307
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
Investment property for sale in Bakersfield at 1108 Smith St, Bakersfield, CA, 93307 earns $298/mo cash flow from $1,429/mo rent with a $881/mo payment. Total monthly income totals $1,429/mo, and annual cash flow totals $3,581/yr on $59,670 capital. ROI tracks 25.91% on current figures, and rental yield reads 9.53% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 135.19% and total cumulative return in cash sums $80,669. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,429/mo property income instead of your personal income.
Single Family
Built in 1946
6,969 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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Nearby investment properties with comparable prices
Listed by: Sandra Dominguez • Joyful Homes Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202508418
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.