11603 Covent Gardens DrBakersfieldCA93311
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 11603 Covent Gardens Dr, Bakersfield, CA, 93311 listed at $1,025,000 pairs $3,267/mo rent with a $5,017/mo payment. Total monthly income runs $3,267/mo. Return on cash invested measures 8.01% in year one, and rental yield registers 3.82% at a $1,025,000 basis. Equity gained on principal adds $6,614/yr, and annual property appreciation at 5% supports $283,189 by year five. Five-year ROI tracks 39.37% and total cumulative return in cash totals $130,756. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,267/mo property income relative to a $5,017/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
0.28 Acres lot
$N/A/sqft
$162 monthly 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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Nearby investment properties with comparable prices
Listed by: Terri Meyer Collins • Watson Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202504869
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.