2918 Gill AveBakersfieldCA93306
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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 2918 Gill Ave, Bakersfield, CA, 93306 uses $91,163 cash to close to unlock $6,945/yr annual cash flow and $579/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,346/mo payment keeps the spread at $579/mo. Purchase price stands at $275,000, and rental yield measures 9.95% with $2,280/mo rent. Return on cash invested shows 27.53% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 143.69% and total cumulative return in cash records $130,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,969 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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Listed by: Jon M Busby • Team Busby Real Estate
Mls Name: Bakersfield AOR
Mls ID: #202511904