2848 Summit Cir, Bakersfield, CA, 93306 | $20/mo Cash Flow

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 2848 Summit Cir, Bakersfield, CA, 93306 offers a 8.49% rental yield on a $249,950 purchase with $1,768/mo rent. Total monthly income registers $1,768/mo, and a $1,223/mo payment leaves $20/mo available for distribution. Annual cash flow reaches $236/yr on $82,858 to close, and return on cash invested stands at 20.19% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,057 over five years. Portfolio math shows five-year ROI at 105.44% and total cumulative return in cash at $87,366. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,768/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1962

2.81 Acres lot

$N/A/sqft

$195 monthly 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