2004 Margo LnBakersfieldCA93308
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
Rental property for sale in Bakersfield at 2004 Margo Ln, Bakersfield, CA, 93308 offers $2,083/mo rent that, after a $1,223/mo payment, leaves $522/mo cash flow. Total monthly income is $2,083/mo, and annual cash flow is $6,264/yr on $82,842 cash. Return on cash invested measures 27.47% in year one, and rental yield stands at 10% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 143.51% and total cumulative return in cash reaches $118,886. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,083/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew John Young • Andrew John Young, Broker
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202503271
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.