316 San Lucas StMc FarlandCA93250
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 Mc Farland at 316 San Lucas St, Mc Farland, CA, 93250 generates $2,096/mo in rent and, after a $1,441/mo payment, leaves $275/mo in cash flow. Total monthly income is $2,096/mo, and annual cash flow is $3,295/yr on $97,627 invested. Return on cash invested sits at 23.28% in year one, and rental yield is 8.54% on a $294,500 entry. Equity gained on principal adds $1,900/yr, while 5% annual appreciation builds toward $81,365 over five years. Five-year ROI reaches 120.94% and total cumulative return in cash sums $118,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,096/mo property income rather than buyer’s personal income.
Multi Family
Built in 1941
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93250, Mc Farland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,808 (100%) |
| Owner Occupied HU | 2,192 (57.6%) |
| Renter Occupied HU | 1,522 (40.0%) |
| Vacant Housing Units | 94 ( 2.5%) |
| Median Home Value | $281,604 |
| Average Home Value | $305,584 |
Housing Distribution
Address Breakdown
Residential
3,576
Single Family
3,505
Multi-Family
71
Businesses
190
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory C. Desme • Cal State Realty Services
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202404144
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.