12502 Cornelia WayBakersfieldCA93311
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 12502 Cornelia Way, Bakersfield, CA, 93311 priced at $1,475,000 converts $7,889/mo rent into after a $7,219/mo obligation. Total monthly income equals $7,889/mo. Return on cash invested prints 15.01% in year one, and rental yield reads 6.42% against a $1,475,000 entry. Equity gained on principal adds $9,518/yr, while 5% annual appreciation compiles into $407,515 by year five. Five-year ROI reaches 77.27% and total cumulative return in cash sums $369,250. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,889/mo property income covering a $7,219/mo payment, not borrower’s personal income.
Single Family
Built in 2022
0.36 Acres lot
$N/A/sqft
$386 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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Nearby investment properties with comparable prices
Listed by: William Amir Gordon • Watson Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202404520
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.