2305 Nogal CtBakersfieldCA93309
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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 2305 Nogal Ct, Bakersfield, CA, 93309 with 5% annual appreciation on a $275,000 basis while $2,878/mo rent supports operations. Total monthly income totals $2,878/mo and a $1,346/mo payment preserves $1,122/mo for cash returns. Annual cash flow comes to $13,461/yr on $91,163 deployed, and return on cash invested reaches 34.68% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 12.56%. Five-year ROI measures 182.3% and total cumulative return in cash totals $166,187.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,878/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
5,662 sqft lot
$N/A/sqft
$55 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93309, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,423 (100%) |
| Owner Occupied HU | 10,395 (44.4%) |
| Renter Occupied HU | 12,080 (51.6%) |
| Vacant Housing Units | 948 ( 4.0%) |
| Median Home Value | $339,528 |
| Average Home Value | $381,559 |
Housing Distribution
Address Breakdown
Residential
22,812
Single Family
16,852
Multi-Family
5,960
Businesses
1,800
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Listed by: Jayprakash Chhotubhai Patel • Guardian Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407554
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.