2118 Cedar 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
Investment property for sale in Bakersfield at 2118 Cedar St, Bakersfield, CA, 93301 earns from $3,353/mo rent with a $3,421/mo payment. Total monthly income totals $3,353/mo. ROI tracks 14.99% on current figures, and rental yield reads 5.76% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 76.47% and total cumulative return in cash sums $175,850. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,353/mo property income instead of your personal income.
Single Family
Built in 1991
5,662 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: Mallory S. Belter • Coldwell Banker Preferred,RLT
Mls Name: Bakersfield AOR
Mls ID: #202600112