2118 Miller StBakersfieldCA93305
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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 2118 Miller St, Bakersfield, CA, 93305 generates $3,366/mo in rent and, after a $2,325/mo payment, leaves $427/mo in cash flow. Total monthly income is $3,366/mo, and annual cash flow is $5,129/yr on $157,463 invested. Return on cash invested sits at 23.17% in year one, and rental yield is 8.5% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 120.32% and total cumulative return in cash sums $189,463. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,366/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93305, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,083 (100%) |
| Owner Occupied HU | 4,330 (35.8%) |
| Renter Occupied HU | 7,204 (59.6%) |
| Vacant Housing Units | 549 ( 4.5%) |
| Median Home Value | $280,402 |
| Average Home Value | $352,555 |
Housing Distribution
Address Breakdown
Residential
11,593
Single Family
10,310
Multi-Family
1,283
Businesses
893
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Listed by: Joshua A. Macias • Century 21 Jordan-Link & Co
Mls Name: Bakersfield AOR
Mls ID: #202513137