1901 Springfield AveBakersfieldCA93304
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 1901 Springfield Ave, Bakersfield, CA, 93304 earns $1,723/mo cash flow from $4,153/mo rent with a $1,908/mo payment. Total monthly income totals $4,153/mo, and annual cash flow totals $20,674/yr on $129,252 capital. ROI tracks 35.9% on current figures, and rental yield reads 12.78% at a $389,900 purchase. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 over five years. Five-year ROI reaches 188.67% and total cumulative return in cash sums $243,865. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,153/mo property income instead of your personal income.
Single Family
Built in 1985
9,583 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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Nearby investment properties with comparable prices
Listed by: Maximilano Aranda • 661 Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202409266
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.