338 Ray StBakersfieldCA93308
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 338 Ray St, Bakersfield, CA, 93308 earns $170/mo cash flow from $2,159/mo rent with a $1,444/mo payment. Total monthly income totals $2,159/mo, and annual cash flow totals $2,043/yr on $97,793 capital. ROI tracks 22% on current figures, and rental yield reads 8.78% at a $295,000 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 over five years. Five-year ROI reaches 114.82% and total cumulative return in cash sums $112,286. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,159/mo property income instead of your personal income.
Single Family
Built in 1938
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
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Nearby investment properties with comparable prices
Listed by: Kyle A. Lawson • Wayside Homes
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202502905
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.