2908 Morse CtBakersfieldCA93308
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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
Rental property for sale in Bakersfield at 2908 Morse Ct, Bakersfield, CA, 93308 generates $2,122/mo in rent and, after a $1,566/mo payment, leaves $143/mo in cash flow. Total monthly income is $2,122/mo, and annual cash flow is $1,712/yr on $106,080 invested. Return on cash invested sits at 21.52% in year one, and rental yield is 7.96% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 111.5% and total cumulative return in cash sums $118,275. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,122/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
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Listed by: Samantha Gallardo • Open Door Real Estate
Mls Name: Bakersfield AOR
Mls ID: #202600129