3000 S Chester Ave SPACE 53BakersfieldCA93304
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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 3000 S Chester Ave SPACE 53, Bakersfield, CA, 93304 generates $836/mo in rent and, after a $538/mo payment, leaves $156/mo in cash flow. Total monthly income is $836/mo, and annual cash flow is $1,871/yr on $36,465 invested. Return on cash invested sits at 25.04% in year one, and rental yield is 9.12% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 130.35% and total cumulative return in cash sums $47,532. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $836/mo property income rather than buyer’s personal income.
Manufactured
Built in 1979
1,250 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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Listed by: Natasha D. Richardson • Premier Home Advisors Inc.
Mls Name: Bakersfield AOR
Mls ID: #202600450