2606 Tropical AveBakersfieldCA93313
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 Bakersfield at 2606 Tropical Ave, Bakersfield, CA, 93313 at $367,000 posts ROI 31.52% with $1,178/mo cash flow from $3,540/mo rent. Total monthly income equals $3,540/mo, and annual cash flow records $14,131/yr on $121,661 to close. Return on cash invested measures 31.52% and rental yield reads 11.57% at the current $367,000. Equity gained on principal adds $2,368/yr, and 5% annual appreciation supports $101,395 by year five. Five-year ROI prints 165.46% and total cumulative return in cash totals $201,299.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,540/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93313, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,359 (100%) |
| Owner Occupied HU | 13,687 (74.6%) |
| Renter Occupied HU | 4,045 (22.0%) |
| Vacant Housing Units | 627 ( 3.4%) |
| Median Home Value | $372,156 |
| Average Home Value | $428,084 |
Housing Distribution
Address Breakdown
Residential
17,601
Single Family
17,280
Multi-Family
321
Businesses
905
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Garry Singh • Bluehorse Real Estate, Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407683
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.