1500 Mike Lynn CtBakersfieldCA93307
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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
Investment property for sale in Bakersfield at 1500 Mike Lynn Ct, Bakersfield, CA, 93307 offers a 9.65% rental yield on a $319,999 purchase with $2,573/mo rent. Total monthly income registers $2,573/mo, and a $1,566/mo payment leaves $594/mo available for distribution. Annual cash flow reaches $7,124/yr on $106,080 to close, and return on cash invested stands at 26.62% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 138.86% and total cumulative return in cash at $147,303. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,573/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93307, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 13,028 (50.4%) |
| Renter Occupied HU | 11,703 (45.2%) |
| Vacant Housing Units | 1,142 ( 4.4%) |
| Median Home Value | $284,043 |
| Average Home Value | $335,164 |
Housing Distribution
Address Breakdown
Residential
24,232
Single Family
23,187
Multi-Family
1,045
Businesses
1,316
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Listed by: Ernie Torres • People Realty, Inc.
Mls Name: Bakersfield AOR
Mls ID: #202512798