11502 Summit Point CtBakersfieldCA93312
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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 11502 Summit Point Ct, Bakersfield, CA, 93312 uses $218,785 cash to close to unlock $576/yr annual cash flow and $48/mo monthly cash flow. Total monthly income runs $4,162/mo, and a $3,255/mo payment keeps the spread at $48/mo. Purchase price stands at $665,000, and rental yield measures 7.51% with $4,162/mo rent. Return on cash invested shows 20.32% in year one, and 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 105.04% and total cumulative return in cash records $229,819. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,162/mo property income covering a $3,255/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93312, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,974 (100%) |
| Owner Occupied HU | 15,198 (76.1%) |
| Renter Occupied HU | 4,323 (21.6%) |
| Vacant Housing Units | 453 ( 2.3%) |
| Median Home Value | $426,099 |
| Average Home Value | $453,704 |
Housing Distribution
Address Breakdown
Residential
19,587
Single Family
18,974
Multi-Family
613
Businesses
769
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Listed by: Brian Hicks • Brian Hicks Real Estate Group
Mls Name: Bakersfield AOR
Mls ID: #202509050