2323 Easthills Dr UNIT 57BakersfieldCA93306
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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 2323 Easthills Dr UNIT 57, Bakersfield, CA, 93306 listed at $389,000 pairs $2,794/mo rent with a $1,904/mo payment to leave $388/mo cash flow. Total monthly income runs $2,794/mo, and annual cash flow reaches $4,650/yr on $128,954 cash to close. Return on cash invested measures 23.52% in year one, and rental yield registers 8.62% at a $389,000 basis. Equity gained on principal adds $2,510/yr, and annual property appreciation at 5% supports $107,474 by year five. Five-year ROI tracks 122.19% and total cumulative return in cash totals $157,566. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,794/mo property income relative to a $1,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93306, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,867 (100%) |
| Owner Occupied HU | 15,342 (61.7%) |
| Renter Occupied HU | 8,578 (34.5%) |
| Vacant Housing Units | 947 ( 3.8%) |
| Median Home Value | $344,569 |
| Average Home Value | $371,081 |
Housing Distribution
Address Breakdown
Residential
24,156
Single Family
23,191
Multi-Family
965
Businesses
582
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Listed by: Jon M Busby • Team Busby Real Estate
Mls Name: Bakersfield AOR
Mls ID: #202512150