12416 Locksley DrBakersfieldCA93311
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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 12416 Locksley Dr, Bakersfield, CA, 93311 at $831,600 posts ROI 11.25% with from $3,708/mo rent. Total monthly income equals $3,708/mo. Return on cash invested measures 11.25% and rental yield reads 5.35% at the current $831,600. Equity gained on principal adds $5,366/yr, and 5% annual appreciation supports $229,756 by year five. Five-year ROI prints 57.27% and total cumulative return in cash totals $156,677. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,708/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2005
0.26 Acres lot
$N/A/sqft
$284 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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