27 Cannel Creek RdKernvilleCA93238
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 Kernville at 27 Cannel Creek Rd, Kernville, CA, 93238 offers $2,842/mo rent that, after a $2,203/mo payment, leaves $58/mo cash flow. Total monthly income is $2,842/mo, and annual cash flow is $693/yr on $149,175 cash. Return on cash invested measures 20.37% in year one, and rental yield stands at 7.58% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 105.32% and total cumulative return in cash reaches $157,110. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,842/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93238, Kernville, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 547 (50.7%) |
| Renter Occupied HU | 181 (16.8%) |
| Vacant Housing Units | 351 (32.5%) |
| Median Home Value | $548,759 |
| Average Home Value | $778,135 |
Housing Distribution
Address Breakdown
Residential
153
Single Family
153
Multi-Family
0
Businesses
103
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Listed by: Laurice F. McCarty • Coldwell Banker Preferred,RLT
Mls Name: Bakersfield AOR
Mls ID: #202508306