3212 Chester LnBakersfieldCA93304
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
Investment property for sale in Bakersfield at 3212 Chester Ln, Bakersfield, CA, 93304 listed at $970,000 pairs $2,086/mo rent with a $4,748/mo payment. Total monthly income runs $2,086/mo. Return on cash invested measures 5.34% in year one, and rental yield registers 2.58% at a $970,000 basis. Equity gained on principal adds $6,259/yr, and annual property appreciation at 5% supports $267,993 by year five. Five-year ROI tracks 24.69% and total cumulative return in cash totals $78,785. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,086/mo property income relative to a $4,748/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1936
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93304, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,902 (100%) |
| Owner Occupied HU | 6,979 (41.3%) |
| Renter Occupied HU | 9,178 (54.3%) |
| Vacant Housing Units | 745 ( 4.4%) |
| Median Home Value | $268,814 |
| Average Home Value | $320,017 |
Housing Distribution
Address Breakdown
Residential
16,210
Single Family
13,980
Multi-Family
2,230
Businesses
1,062
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Listed by: Michael R Still • Agentcor-Big Block Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407487
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.