2930 Sunset AveBakersfieldCA93304
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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 Bakersfield at 2930 Sunset Ave, Bakersfield, CA, 93304 offers $3,112/mo rent that, after a $2,325/mo payment, leaves $16/mo cash flow. Total monthly income is $3,112/mo, and annual cash flow is $191/yr on $157,463 cash. Return on cash invested measures 20.03% in year one, and rental yield stands at 7.86% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 103.91% and total cumulative return in cash reaches $163,627. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,112/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1937
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93304, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,902 (100%) |
| Owner Occupied HU | 6,979 (41.3%) |
| Renter Occupied HU | 9,178 (54.3%) |
| Vacant Housing Units | 745 ( 4.4%) |
| Median Home Value | $268,814 |
| Average Home Value | $320,017 |
Housing Distribution
Address Breakdown
Residential
16,210
Single Family
13,980
Multi-Family
2,230
Businesses
1,062
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Nearby investment properties with comparable prices
Listed by: Dario E. Alvarado Jr • Excellence RE Real Estate Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202412616
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.