1455 Gemini CtBakersfieldCA93309
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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 1455 Gemini Ct, Bakersfield, CA, 93309 generates $2,047/mo in rent and, after a $930/mo payment, leaves $748/mo in cash flow. Total monthly income is $2,047/mo, and annual cash flow is $8,973/yr on $62,985 invested. Return on cash invested sits at 34.16% in year one, and rental yield is 12.93% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 180.12% and total cumulative return in cash sums $113,448. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,047/mo property income rather than buyer’s personal income.
Condo
Built in 1979
1.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93309, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,423 (100%) |
| Owner Occupied HU | 10,395 (44.4%) |
| Renter Occupied HU | 12,080 (51.6%) |
| Vacant Housing Units | 948 ( 4.0%) |
| Median Home Value | $339,528 |
| Average Home Value | $381,559 |
Housing Distribution
Address Breakdown
Residential
22,812
Single Family
16,852
Multi-Family
5,960
Businesses
1,800
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Listed by: Lorena Semerenko • RE/MAX All-Pro
Mls Name: GAVAR
Mls Provider:
Mls ID: #25003667
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.