325 Lucard StTaftCA93268
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 325 Lucard St, Taft, CA, 93268 priced at $110,000 converts $1,290/mo rent into $469/mo cash flow after a $538/mo obligation. Total monthly income equals $1,290/mo, and annual cash flow totals $5,624/yr on $36,465 invested. Return on cash invested prints 35.33% in year one, and rental yield reads 14.07% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 187.25% and total cumulative return in cash sums $68,280. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,290/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1914
3,049 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cecilia Clark • Emerge Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202409100
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.