1242 Castaic AveBakersfieldCA93308
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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 1242 Castaic Ave, Bakersfield, CA, 93308 uses $48,068 cash to close to unlock $2,600/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,114/mo, and a $710/mo payment keeps the spread at $217/mo. Purchase price stands at $145,000, and rental yield measures 9.22% with $1,114/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 131.86% and total cumulative return in cash records $63,380. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,114/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
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Listed by: N/A • N/A
Mls Name: Xome
Mls ID: #N/A