2 Oleander 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 2 Oleander Ave, Bakersfield, CA, 93304 at $264,000 posts ROI 39.31% with $1,415/mo cash flow from $3,048/mo rent. Total monthly income equals $3,048/mo, and annual cash flow records $16,980/yr on $87,516 to close. Return on cash invested measures 39.31% and rental yield reads 13.85% at the current $264,000. Equity gained on principal adds $1,704/yr, and 5% annual appreciation supports $72,938 by year five. Five-year ROI prints 206.87% and total cumulative return in cash totals $181,045.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,048/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1922
8,712 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: Tara Lyons • Miramar International-Riverwal
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202404076
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.