2308 Connie AveBakersfieldCA93304
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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 2308 Connie Ave, Bakersfield, CA, 93304 with 5% annual appreciation on a $383,000 basis while $3,376/mo rent supports operations. Total monthly income totals $3,376/mo and a $1,875/mo payment preserves $1,006/mo for cash returns. Annual cash flow comes to $12,075/yr on $126,965 deployed, and return on cash invested reaches 29.42% in year one. Equity gained on principal adds $2,471/yr, and five-year appreciation sums $105,816 alongside rental yield of 10.58%. Five-year ROI measures 153.86% and total cumulative return in cash totals $195,342.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,376/mo property income versus a $1,875/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1982
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93304, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,902 (100%) |
| Owner Occupied HU | 6,979 (41.3%) |
| Renter Occupied HU | 9,178 (54.3%) |
| Vacant Housing Units | 745 ( 4.4%) |
| Median Home Value | $268,814 |
| Average Home Value | $320,017 |
Housing Distribution
Address Breakdown
Residential
16,210
Single Family
13,980
Multi-Family
2,230
Businesses
1,062
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Listed by: Agha Qizilbash • Realty ONE Group Zoom
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408426
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.