316 Nita LnBakersfieldCA93308
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 Bakersfield at 316 Nita Ln, Bakersfield, CA, 93308 offers $882/mo rent that, after a $563/mo payment, leaves $153/mo cash flow. Total monthly income is $882/mo, and annual cash flow is $1,835/yr on $38,123 cash. Return on cash invested measures 24.72% in year one, and rental yield stands at 9.2% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 128.86% and total cumulative return in cash reaches $49,125. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $882/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2020
1 sqft lot
$N/A/sqft
Has HOA fee HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miguel A. Hernandez • Open Door Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202504937
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.