245 Atlantic AveShafterCA93263
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
Rental property for sale in Shafter at 245 Atlantic Ave, Shafter, CA, 93263 priced at $219,900 converts $1,525/mo rent into $165/mo cash flow after a $1,076/mo obligation. Total monthly income equals $1,525/mo, and annual cash flow totals $1,980/yr on $72,897 invested. Return on cash invested prints 22.62% in year one, and rental yield reads 8.32% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 117.39% and total cumulative return in cash sums $85,576. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,525/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 1945
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93263, Shafter, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,679 (100%) |
| Owner Occupied HU | 3,095 (54.5%) |
| Renter Occupied HU | 2,365 (41.6%) |
| Vacant Housing Units | 219 ( 3.9%) |
| Median Home Value | $320,225 |
| Average Home Value | $375,441 |
Housing Distribution
Address Breakdown
Residential
6,845
Single Family
6,665
Multi-Family
180
Businesses
459
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James S. Outland Jr. • Outland and Associates R.E.
Mls Name: Bakersfield AOR
Mls ID: #202600518