126 Hopkins 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
Rental property for sale in Bakersfield at 126 Hopkins Ave, Bakersfield, CA, 93308 priced at $275,000 pairs $3,077/mo rent with $1,282/mo cash flow after a $1,346/mo payment. Total monthly income equals $3,077/mo, and annual cash flow comes to $15,387/yr on $91,163 invested. Return on cash invested is 36.79% in year one, and rental yield stands at 13.43% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 193.84% and total cumulative return in cash reaches $176,711. For financing, Ziffy Mortgage’s DSCR program evaluates $3,077/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1965
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: Marc A Thurston • ASU Commercial
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408960
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.