3028 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
Investment property for sale in Bakersfield at 3028 Spruce St, Bakersfield, CA, 93301 with 5% annual appreciation on a $369,000 basis while $2,453/mo rent supports operations. Total monthly income totals $2,453/mo and a $1,806/mo payment preserves $170/mo for cash returns. Annual cash flow comes to $2,044/yr on $122,324 deployed, and return on cash invested reaches 21.58% in year one. Equity gained on principal adds $2,381/yr, and five-year appreciation sums $101,948 alongside rental yield of 7.98%. Five-year ROI measures 111.83% and total cumulative return in cash totals $136,791.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,453/mo property income versus a $1,806/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
6,534 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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Listed by: Shane A. Proctor • Wayside, Realtors
Mls Name: Bakersfield AOR
Mls ID: #202513155