23342 Derby AveFellowsCA93224
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
Investment property for sale in Fellows at 23342 Derby Ave, Fellows, CA, 93224 offers a 8.63% rental yield on a $300,000 purchase with $2,158/mo rent. Total monthly income registers $2,158/mo, and a $1,468/mo payment leaves $303/mo available for distribution. Annual cash flow reaches $3,630/yr on $99,450 to close, and return on cash invested stands at 23.56% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 122.44% and total cumulative return in cash at $121,764. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,158/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93224, Fellows, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 179 (100%) |
| Owner Occupied HU | 97 (54.2%) |
| Renter Occupied HU | 59 (33.0%) |
| Vacant Housing Units | 23 (12.8%) |
| Median Home Value | $184,722 |
| Average Home Value | $203,840 |
Housing Distribution
Address Breakdown
Residential
102
Single Family
102
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenna Camarillo • Watson Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202406430
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.