2111 23rd StBakersfieldCA93301
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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 2111 23rd St, Bakersfield, CA, 93301 priced at $314,990 converts $2,952/mo rent into $1,003/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,952/mo, and annual cash flow totals $12,038/yr on $104,419 invested. Return on cash invested prints 31.44% in year one, and rental yield reads 11.25% against a $314,990 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,026 by year five. Five-year ROI reaches 164.68% and total cumulative return in cash sums $171,962. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,952/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1912
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93301, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,080 (100%) |
| Owner Occupied HU | 1,664 (27.4%) |
| Renter Occupied HU | 4,036 (66.4%) |
| Vacant Housing Units | 380 ( 6.2%) |
| Median Home Value | $355,124 |
| Average Home Value | $407,683 |
Housing Distribution
Address Breakdown
Residential
5,756
Single Family
3,870
Multi-Family
1,886
Businesses
2,033
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Listed by: Claire F. Quinonez • Premier Agent Network
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408685
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.