3009 Baylor StBakersfieldCA93305
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
Investment property for sale in Bakersfield at 3009 Baylor St, Bakersfield, CA, 93305 offers a 13.83% rental yield on a $339,900 purchase with $3,917/mo rent. Total monthly income registers $3,917/mo, and a $1,664/mo payment leaves $1,739/mo available for distribution. Annual cash flow reaches $20,867/yr on $112,677 to close, and return on cash invested stands at 38.43% in year one. Equity gained on principal adds $2,193/yr while 5% annual appreciation supports $93,908 over five years. Portfolio math shows five-year ROI at 202.43% and total cumulative return in cash at $228,095. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,917/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93305, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,083 (100%) |
| Owner Occupied HU | 4,330 (35.8%) |
| Renter Occupied HU | 7,204 (59.6%) |
| Vacant Housing Units | 549 ( 4.5%) |
| Median Home Value | $280,402 |
| Average Home Value | $352,555 |
Housing Distribution
Address Breakdown
Residential
11,593
Single Family
10,310
Multi-Family
1,283
Businesses
893
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacob Miller • Miramar International-Riverwal
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408083
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.