298 Malibu DrDelanoCA93215
Nearby investment properties with comparable rents
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 Delano at 298 Malibu Dr, Delano, CA, 93215 priced at $380,000 converts $2,489/mo rent into $119/mo cash flow after a $1,860/mo obligation. Total monthly income equals $2,489/mo, and annual cash flow totals $1,422/yr on $125,970 invested. Return on cash invested prints 21.04% in year one, and rental yield reads 7.86% against a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation compiles into $104,987 by year five. Five-year ROI reaches 108.97% and total cumulative return in cash sums $137,269. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,489/mo property income covering a $1,860/mo payment, not borrower’s personal income.
Single Family
Built in 2018
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93215, Delano, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,364 (100%) |
| Owner Occupied HU | 7,205 (53.9%) |
| Renter Occupied HU | 5,603 (41.9%) |
| Vacant Housing Units | 556 ( 4.2%) |
| Median Home Value | $325,504 |
| Average Home Value | $397,259 |
Housing Distribution
Address Breakdown
Residential
12,161
Single Family
11,544
Multi-Family
617
Businesses
901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Xochilt Garcia • Majestic Palm Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202411532
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.