229 Washington AveBakersfieldCA93308
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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 229 Washington Ave, Bakersfield, CA, 93308 offers a 9.65% rental yield on a $195,900 purchase with $1,576/mo rent. Total monthly income registers $1,576/mo, and a $959/mo payment leaves $364/mo available for distribution. Annual cash flow reaches $4,368/yr on $64,941 to close, and return on cash invested stands at 26.63% in year one. Equity gained on principal adds $1,264/yr while 5% annual appreciation supports $54,124 over five years. Portfolio math shows five-year ROI at 138.87% and total cumulative return in cash at $90,185. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,576/mo property income against a $959/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1931
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
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Listed by: Maximilano Aranda • 661 Realty
Mls Name: Bakersfield AOR
Mls ID: #202510985