2804 Horace Mann 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 2804 Horace Mann Ct, Bakersfield, CA, 93306 listed at $186,000 pairs $2,024/mo rent with a $910/mo payment to leave $763/mo cash flow. Total monthly income runs $2,024/mo, and annual cash flow reaches $9,159/yr on $61,659 cash to close. Return on cash invested measures 34.76% in year one, and rental yield registers 13.06% at a $186,000 basis. Equity gained on principal adds $1,200/yr, and annual property appreciation at 5% supports $51,388 by year five. Five-year ROI tracks 183.34% and total cumulative return in cash totals $113,044. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,024/mo property income relative to a $910/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1950
7,405 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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Nearby investment properties with comparable prices
Listed by: Philip M Jordan • Keller Williams Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202507868
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.