12121 Nicolson AveBakersfieldCA93312
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
Rental property for sale in Bakersfield at 12121 Nicolson Ave, Bakersfield, CA, 93312 generates $4,319/mo in rent and, after a $2,839/mo payment, leaves $377/mo in cash flow. Total monthly income is $4,319/mo, and annual cash flow is $4,523/yr on $190,804 invested. Return on cash invested sits at 22.43% in year one, and rental yield is 8.94% on a $579,950 entry. Equity gained on principal adds $3,742/yr, while 5% annual appreciation builds toward $160,229 over five years. Five-year ROI reaches 117.13% and total cumulative return in cash sums $223,493. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,319/mo property income rather than buyer’s personal income.
Single Family
Built in 2014
6,534 sqft lot
$N/A/sqft
$181 monthly 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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Nearby investment properties with comparable prices
Listed by: Leslie R Walters • Walters & Associates, Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407934
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.