1724 Terrace WayBakersfieldCA93304
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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 1724 Terrace Way, Bakersfield, CA, 93304 earns from $2,144/mo rent with a $2,413/mo payment. Total monthly income totals $2,144/mo. ROI tracks 13.26% on current figures, and rental yield reads 5.22% at a $493,000 purchase. Equity gained on principal adds $3,181/yr, and 5% annual appreciation supports $136,207 over five years. Five-year ROI reaches 67.19% and total cumulative return in cash sums $109,806. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,144/mo property income instead of your personal income.
Multi Family
Built in 1948
6,969 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: Stephanie M. Nava • D Best Realty, Inc.
Mls Name: Bakersfield AOR
Mls ID: #202512309