1118 State AveShafterCA93263
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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 Shafter at 1118 State Ave, Shafter, CA, 93263 earns $174/mo cash flow from $2,333/mo rent with a $1,708/mo payment. Total monthly income totals $2,333/mo, and annual cash flow totals $2,090/yr on $115,694 capital. ROI tracks 21.72% on current figures, and rental yield reads 8.02% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 112.56% and total cumulative return in cash sums $130,224. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,333/mo property income instead of your personal income.
Single Family
Built in 1961
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93263, Shafter, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,679 (100%) |
| Owner Occupied HU | 3,095 (54.5%) |
| Renter Occupied HU | 2,365 (41.6%) |
| Vacant Housing Units | 219 ( 3.9%) |
| Median Home Value | $320,225 |
| Average Home Value | $375,441 |
Housing Distribution
Address Breakdown
Residential
6,845
Single Family
6,665
Multi-Family
180
Businesses
459
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Listed by: Juan M. Alatorre • Wedgewood Homes Realty
Mls Name: Bakersfield AOR
Mls ID: #202508602