2508 Alder StBakersfieldCA93301
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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 2508 Alder St, Bakersfield, CA, 93301 with 5% annual appreciation on a $429,900 basis while $3,732/mo rent supports operations. Total monthly income totals $3,732/mo and a $2,104/mo payment preserves $936/mo for cash returns. Annual cash flow comes to $11,226/yr on $142,512 deployed, and return on cash invested reaches 27.79% in year one. Equity gained on principal adds $2,774/yr, and five-year appreciation sums $118,773 alongside rental yield of 10.42%. Five-year ROI measures 145.52% and total cumulative return in cash totals $207,379.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,732/mo property income versus a $2,104/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1949
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93301, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,080 (100%) |
| Owner Occupied HU | 1,664 (27.4%) |
| Renter Occupied HU | 4,036 (66.4%) |
| Vacant Housing Units | 380 ( 6.2%) |
| Median Home Value | $355,124 |
| Average Home Value | $407,683 |
Housing Distribution
Address Breakdown
Residential
5,756
Single Family
3,870
Multi-Family
1,886
Businesses
2,033
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Listed by: Bridget Lynette Cunningham • Bridget Cunningham Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408563
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.