2004 Magdelena AveBakersfieldCA93307
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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 2004 Magdelena Ave, Bakersfield, CA, 93307 with 5% annual appreciation on a $334,900 basis while $2,253/mo rent supports operations. Total monthly income totals $2,253/mo and a $1,639/mo payment preserves $181/mo for cash returns. Annual cash flow comes to $2,167/yr on $111,019 deployed, and return on cash invested reaches 21.86% in year one. Equity gained on principal adds $2,161/yr, and five-year appreciation sums $92,527 alongside rental yield of 8.07%. Five-year ROI measures 113.31% and total cumulative return in cash totals $125,797.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,253/mo property income versus a $1,639/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1987
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93307, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 13,028 (50.4%) |
| Renter Occupied HU | 11,703 (45.2%) |
| Vacant Housing Units | 1,142 ( 4.4%) |
| Median Home Value | $284,043 |
| Average Home Value | $335,164 |
Housing Distribution
Address Breakdown
Residential
24,232
Single Family
23,187
Multi-Family
1,045
Businesses
1,316
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Listed by: Frank St. Clair • St. Clair Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202509471
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.