224 Eastern AveTaftCA93268
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 Taft at 224 Eastern Ave, Taft, CA, 93268 offers $1,577/mo rent that, after a $729/mo payment, leaves $656/mo cash flow. Total monthly income is $1,577/mo, and annual cash flow is $7,866/yr on $49,394 cash. Return on cash invested measures 35.84% in year one, and rental yield stands at 12.7% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 188.27% and total cumulative return in cash reaches $92,992. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,577/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93268, Taft, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,136 (100%) |
| Owner Occupied HU | 3,052 (49.7%) |
| Renter Occupied HU | 2,544 (41.5%) |
| Vacant Housing Units | 540 ( 8.8%) |
| Median Home Value | $267,980 |
| Average Home Value | $368,048 |
Housing Distribution
Address Breakdown
Residential
5,612
Single Family
5,439
Multi-Family
173
Businesses
452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Damian Moss • Moss Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202507781
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.