312 General Petroleum AveTaftCA93268
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
Rental property for sale in Taft at 312 General Petroleum Ave, Taft, CA, 93268 priced at $127,000 pairs $2,850/mo rent with $2,040/mo cash flow after a $622/mo payment. Total monthly income equals $2,850/mo, and annual cash flow comes to $24,475/yr on $42,101 invested. Return on cash invested is 78.04% in year one, and rental yield stands at 26.93% on a $127,000 basis. Equity gained on principal adds $820/yr, and 5% annual appreciation accumulates to $35,088 by year five. Five-year ROI measures 414.89% and total cumulative return in cash reaches $174,669. For financing, Ziffy Mortgage’s DSCR program evaluates $2,850/mo property income against a $622/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1922
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93268, Taft, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,136 (100%) |
| Owner Occupied HU | 3,052 (49.7%) |
| Renter Occupied HU | 2,544 (41.5%) |
| Vacant Housing Units | 540 ( 8.8%) |
| Median Home Value | $267,980 |
| Average Home Value | $368,048 |
Housing Distribution
Address Breakdown
Residential
5,612
Single Family
5,439
Multi-Family
173
Businesses
452
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Nearby investment properties with comparable prices
Listed by: Ronika Nand • Real Estate eBroker, Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407493
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.