3324 El Encanto CtBakersfieldCA93301
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 3324 El Encanto Ct, Bakersfield, CA, 93301 priced at $325,000 pairs $2,302/mo rent with after a $1,591/mo payment. Total monthly income equals $2,302/mo. Return on cash invested is 18.41% in year one, and rental yield stands at 8.5% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 96.55% and total cumulative return in cash reaches $104,017. For financing, Ziffy Mortgage’s DSCR program evaluates $2,302/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
3,049 sqft lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93301, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,080 (100%) |
| Owner Occupied HU | 1,664 (27.4%) |
| Renter Occupied HU | 4,036 (66.4%) |
| Vacant Housing Units | 380 ( 6.2%) |
| Median Home Value | $355,124 |
| Average Home Value | $407,683 |
Housing Distribution
Address Breakdown
Residential
5,756
Single Family
3,870
Multi-Family
1,886
Businesses
2,033
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Nearby investment properties with comparable prices
Listed by: Mark R. Clemmer • Clemmer and Company Real Estat
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202501244
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.