1832 Faxon 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 1832 Faxon Ave, Bakersfield, CA, 93304 priced at $292,000 pairs $2,866/mo rent with $1,060/mo cash flow after a $1,429/mo payment. Total monthly income equals $2,866/mo, and annual cash flow comes to $12,718/yr on $96,798 invested. Return on cash invested is 33.05% in year one, and rental yield stands at 11.78% on a $292,000 basis. Equity gained on principal adds $1,884/yr, and 5% annual appreciation accumulates to $80,674 by year five. Five-year ROI measures 173.29% and total cumulative return in cash reaches $167,744. For financing, Ziffy Mortgage’s DSCR program evaluates $2,866/mo property income against a $1,429/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
7,134 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: Tomas Piedra • Dream Home Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408971
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.