3016 Spruce StBakersfieldCA93301
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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 3016 Spruce St, Bakersfield, CA, 93301 offers $2,274/mo rent that, after a $1,273/mo payment, leaves $514/mo cash flow. Total monthly income is $2,274/mo, and annual cash flow is $6,162/yr on $86,223 cash. Return on cash invested measures 27.06% in year one, and rental yield stands at 10.49% at a $260,100 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,861 by year five. Five-year ROI records 141.94% and total cumulative return in cash reaches $122,389. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,274/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93301, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,080 (100%) |
| Owner Occupied HU | 1,664 (27.4%) |
| Renter Occupied HU | 4,036 (66.4%) |
| Vacant Housing Units | 380 ( 6.2%) |
| Median Home Value | $355,124 |
| Average Home Value | $407,683 |
Housing Distribution
Address Breakdown
Residential
5,756
Single Family
3,870
Multi-Family
1,886
Businesses
2,033
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