2617 Pinon Springs Cir APT C, Bakersfield, CA, 93309 | 9.04% Rental Yield

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2617 Pinon Springs Cir APT C, Bakersfield, CA, 93309 | 9.04% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bakersfield at 2617 Pinon Springs Cir APT C, Bakersfield, CA, 93309 at $189,900 posts ROI 17.73% with from $1,430/mo rent. Total monthly income equals $1,430/mo. Return on cash invested measures 17.73% and rental yield reads 9.04% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 93.72% and total cumulative return in cash totals $58,997. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,430/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 1972

1.11 Acres lot

$N/A/sqft

$370 monthly HOA

More details about the property

Seize the opportunity to own this stunning two-story corner lot condominium in the highly coveted SW Bakersfield area This property features three generously-sized bedrooms and two modern bathrooms on the upper level, providing ample living space for comfort and relaxation. The main floor impresses with a generous living area, a fully-equipped kitchen, a dedicated dining space, and two convenient storage closets. Step outside to enjoy the serene open patio, perfect for unwinding, and benefit from a reserved carport parking space. Additionally, residents can indulge in the community's amenities, featuring a sparkling pool and a large children's pool. Conveniently located near schools and shopping centers, this property offers not only a prime location but also flexible financial options. The sellers are open to assisting with closing costs or rate buy-downs, contingent on the offer price, making it easier for you to make this exceptional property yours.

Neighborhood Data

Neighborhood data shown for ZIP Code: 93309, Bakersfield, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,423 (100%)
Owner Occupied HU	10,395 (44.4%)
Renter Occupied HU	12,080 (51.6%)
Vacant Housing Units	948 ( 4.0%)
Median Home Value	$339,528
Average Home Value	$381,559