2617 Eric CtBakersfieldCA93306
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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 2617 Eric Ct, Bakersfield, CA, 93306 uses $115,992 cash to close to unlock $7,656/yr annual cash flow and $638/mo monthly cash flow. Total monthly income runs $2,803/mo, and a $1,713/mo payment keeps the spread at $638/mo. Purchase price stands at $349,900, and rental yield measures 9.61% with $2,803/mo rent. Return on cash invested shows 26.51% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 138.28% and total cumulative return in cash records $160,398. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,803/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93306, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,867 (100%) |
| Owner Occupied HU | 15,342 (61.7%) |
| Renter Occupied HU | 8,578 (34.5%) |
| Vacant Housing Units | 947 ( 3.8%) |
| Median Home Value | $344,569 |
| Average Home Value | $371,081 |
Housing Distribution
Address Breakdown
Residential
24,156
Single Family
23,191
Multi-Family
965
Businesses
582
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Listed by: Carrie E Williams • Chaddick Williams Realty
Mls Name: Bakersfield AOR
Mls ID: #202511996