1200 Adelaide AveBakersfieldCA93307
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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 1200 Adelaide Ave, Bakersfield, CA, 93307 priced at $299,999 pairs $3,635/mo rent with $1,638/mo cash flow after a $1,468/mo payment. Total monthly income equals $3,635/mo, and annual cash flow comes to $19,659/yr on $99,450 invested. Return on cash invested is 39.68% in year one, and rental yield stands at 14.54% on a $299,999 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 209.48% and total cumulative return in cash reaches $208,332. For financing, Ziffy Mortgage’s DSCR program evaluates $3,635/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1986
5,766 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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Listed by: Ricardo Gleaves • Realty One Group Infinity
Mls Name: MLSListings Inc
Mls Provider:
Mls ID: #ML81977109
Disclaimer: Based on information from the MLSListings MLS as of 2024-08-27 02:39:23 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.