1600 Ming AveBakersfieldCA93304
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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 1600 Ming Ave, Bakersfield, CA, 93304 generates $1,756/mo in rent and, after a $1,076/mo payment, leaves $396/mo in cash flow. Total monthly income is $1,756/mo, and annual cash flow is $4,752/yr on $72,897 invested. Return on cash invested sits at 26.43% in year one, and rental yield is 9.58% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 137.77% and total cumulative return in cash sums $100,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,756/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93304, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,902 (100%) |
| Owner Occupied HU | 6,979 (41.3%) |
| Renter Occupied HU | 9,178 (54.3%) |
| Vacant Housing Units | 745 ( 4.4%) |
| Median Home Value | $268,814 |
| Average Home Value | $320,017 |
Housing Distribution
Address Breakdown
Residential
16,210
Single Family
13,980
Multi-Family
2,230
Businesses
1,062
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Listed by: Ali Daredia • Watson Realty
Mls Name: Bakersfield AOR
Mls ID: #202510019