11716 Raindrop LnBakersfieldCA93311
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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 11716 Raindrop Ln, Bakersfield, CA, 93311 priced at $724,500 converts $5,773/mo rent into $760/mo cash flow after a $3,546/mo obligation. Total monthly income equals $5,773/mo, and annual cash flow totals $9,123/yr on $238,361 invested. Return on cash invested prints 23.89% in year one, and rental yield reads 9.56% against a $724,500 entry. Equity gained on principal adds $4,675/yr, while 5% annual appreciation compiles into $200,166 by year five. Five-year ROI reaches 125.12% and total cumulative return in cash sums $298,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,773/mo property income covering a $3,546/mo payment, not borrower’s personal income.
Single Family
Built in 2018
10,018 sqft lot
$N/A/sqft
$249 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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Listed by: Roberta Holzman • Berkshire Hathaway Homeservice
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407989
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.