137 Fernwood LnBakersfieldCA93308
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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 137 Fernwood Ln, Bakersfield, CA, 93308 priced at $119,900 pairs $1,698/mo rent with $956/mo cash flow after a $587/mo payment. Total monthly income equals $1,698/mo, and annual cash flow comes to $11,474/yr on $39,747 invested. Return on cash invested is 48.78% in year one, and rental yield stands at 16.99% on a $119,900 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,126 by year five. Five-year ROI measures 257.74% and total cumulative return in cash reaches $102,444. For financing, Ziffy Mortgage’s DSCR program evaluates $1,698/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1976
3,497 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: Alishaan Abbas • Keller Williams Realty
Mls Name: Bakersfield AOR
Mls ID: #202507698