3108 Corvallis LnBakersfieldCA93309
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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 3108 Corvallis Ln, Bakersfield, CA, 93309 uses $125,970 cash to close to unlock $4,094/yr annual cash flow and $341/mo monthly cash flow. Total monthly income runs $2,692/mo, and a $1,860/mo payment keeps the spread at $341/mo. Purchase price stands at $379,999, and rental yield measures 8.5% with $2,692/mo rent. Return on cash invested shows 23.16% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 120.3% and total cumulative return in cash records $151,536. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,692/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 1982
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93309, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,423 (100%) |
| Owner Occupied HU | 10,395 (44.4%) |
| Renter Occupied HU | 12,080 (51.6%) |
| Vacant Housing Units | 948 ( 4.0%) |
| Median Home Value | $339,528 |
| Average Home Value | $381,559 |
Housing Distribution
Address Breakdown
Residential
22,812
Single Family
16,852
Multi-Family
5,960
Businesses
1,800
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Listed by: Marisol Hernandez • Elite, Realtors
Mls Name: Bakersfield AOR
Mls ID: #202512646