198 Pelham CtBakersfieldCA93309
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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 198 Pelham Ct, Bakersfield, CA, 93309 offers $2,560/mo rent that, after a $1,835/mo payment, leaves $241/mo cash flow. Total monthly income is $2,560/mo, and annual cash flow is $2,887/yr on $124,313 cash. Return on cash invested measures 22.23% in year one, and rental yield stands at 8.19% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 115.3% and total cumulative return in cash reaches $143,331. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,560/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93309, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,423 (100%) |
| Owner Occupied HU | 10,395 (44.4%) |
| Renter Occupied HU | 12,080 (51.6%) |
| Vacant Housing Units | 948 ( 4.0%) |
| Median Home Value | $339,528 |
| Average Home Value | $381,559 |
Housing Distribution
Address Breakdown
Residential
22,812
Single Family
16,852
Multi-Family
5,960
Businesses
1,800
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Listed by: Suzanne L. Munger • Scott Rivera Real Estate Team
Mls Name: Bakersfield AOR
Mls ID: #202510898