127 Arvin StBakersfieldCA93308
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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 127 Arvin St, Bakersfield, CA, 93308 priced at $310,000 converts $2,071/mo rent into $154/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,071/mo, and annual cash flow totals $1,843/yr on $102,765 invested. Return on cash invested prints 21.7% in year one, and rental yield reads 8.02% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 112.47% and total cumulative return in cash sums $115,579. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,071/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1936
7,840 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: Christine K. Sheridan • Watson Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202410406
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.