344 Oakdale DrBakersfieldCA93309
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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
Rental property for sale in Bakersfield at 344 Oakdale Dr, Bakersfield, CA, 93309 priced at $249,000 converts $1,852/mo rent into $311/mo cash flow after a $1,219/mo obligation. Total monthly income equals $1,852/mo, and annual cash flow totals $3,736/yr on $82,544 invested. Return on cash invested prints 24.44% in year one, and rental yield reads 8.93% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 127.14% and total cumulative return in cash sums $104,948. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,852/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Single Family
Built in 1950
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93309, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,423 (100%) |
| Owner Occupied HU | 10,395 (44.4%) |
| Renter Occupied HU | 12,080 (51.6%) |
| Vacant Housing Units | 948 ( 4.0%) |
| Median Home Value | $339,528 |
| Average Home Value | $381,559 |
Housing Distribution
Address Breakdown
Residential
22,812
Single Family
16,852
Multi-Family
5,960
Businesses
1,800
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Listed by: Michael Z. Jilani • Sierra Central Real Estate
Mls Name: Bakersfield AOR
Mls ID: #202600814