235 Myrtle StBakersfieldCA93304
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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
Rental property for sale in Bakersfield at 235 Myrtle St, Bakersfield, CA, 93304 generates $2,995/mo in rent and, after a $2,080/mo payment, leaves $212/mo in cash flow. Total monthly income is $2,995/mo, and annual cash flow is $2,544/yr on $140,888 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 8.46% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 112.99% and total cumulative return in cash sums $159,185. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,995/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
10,454 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: Ernesto M. Osuna Hernandez • D Best Realty, Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202500699
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.