1508 Sheila StBakersfieldCA93306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1508 Sheila St, Bakersfield, CA, 93306 at $279,500 posts ROI 25.66% with $444/mo cash flow from $2,258/mo rent. Total monthly income equals $2,258/mo, and annual cash flow records $5,330/yr on $92,654 to close. Return on cash invested measures 25.66% and rental yield reads 9.69% at the current $279,500. Equity gained on principal adds $1,804/yr, and 5% annual appreciation supports $77,221 by year five. Five-year ROI prints 134.12% and total cumulative return in cash totals $124,268.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,258/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1954
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93306, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,867 (100%) |
| Owner Occupied HU | 15,342 (61.7%) |
| Renter Occupied HU | 8,578 (34.5%) |
| Vacant Housing Units | 947 ( 3.8%) |
| Median Home Value | $344,569 |
| Average Home Value | $371,081 |
Housing Distribution
Address Breakdown
Residential
24,156
Single Family
23,191
Multi-Family
965
Businesses
582
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie D. Blomberg • New Beginnings Financial & RE
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202500472
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.