2229 Delbert StBakersfieldCA93312
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
Investment property for sale in Bakersfield at 2229 Delbert St, Bakersfield, CA, 93312 uses $222,075 cash to close to unlock $4,506/yr annual cash flow and $376/mo monthly cash flow. Total monthly income runs $4,674/mo, and a $3,304/mo payment keeps the spread at $376/mo. Purchase price stands at $675,000, and rental yield measures 8.31% with $4,674/mo rent. Return on cash invested shows 22.09% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 114.75% and total cumulative return in cash records $254,823. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,674/mo property income covering a $3,304/mo payment rather than investor’s personal income.
Single Family
Built in 1944
2.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93312, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,974 (100%) |
| Owner Occupied HU | 15,198 (76.1%) |
| Renter Occupied HU | 4,323 (21.6%) |
| Vacant Housing Units | 453 ( 2.3%) |
| Median Home Value | $426,099 |
| Average Home Value | $453,704 |
Housing Distribution
Address Breakdown
Residential
19,587
Single Family
18,974
Multi-Family
613
Businesses
769
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Listed by: Ryan S. Dobbs • Ryan Dobbs Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202409188
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.