338 Augusta StreetBakersfieldCA93307
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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 338 Augusta Street, Bakersfield, CA, 93307 offers a 9.44% rental yield on a $175,000 purchase with $1,376/mo rent. Total monthly income registers $1,376/mo, and a $857/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $946/yr on $58,013 to close, and return on cash invested stands at 21.54% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 113.2% and total cumulative return in cash at $65,671. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,376/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1955
6,263 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93307, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 13,028 (50.4%) |
| Renter Occupied HU | 11,703 (45.2%) |
| Vacant Housing Units | 1,142 ( 4.4%) |
| Median Home Value | $284,043 |
| Average Home Value | $335,164 |
Housing Distribution
Address Breakdown
Residential
24,232
Single Family
23,187
Multi-Family
1,045
Businesses
1,316
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Listed by: Monica Morales • Legacy Real Estate Inc
Mls Name: TCMLS
Mls Provider:
Mls ID: #235978
Disclaimer: Based on information from the Tulare County Association of REALTORS as of {{LastUpdated}}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.