348 E Petrol Rd #300BakersfieldCA93308
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 348 E Petrol Rd #300, Bakersfield, CA, 93308 uses $36,134 cash to close to unlock $22,862/yr annual cash flow and $1,905/mo monthly cash flow. Total monthly income runs $2,580/mo, and a $534/mo payment keeps the spread at $1,905/mo. Purchase price stands at $109,000, and rental yield measures 28.4% with $2,580/mo rent. Return on cash invested shows 83.18% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 442.25% and total cumulative return in cash records $159,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,580/mo property income covering a $534/mo payment rather than investor’s personal income.
Manufactured
Built in 2018
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Johnny R. Garza • Garza Group Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407996
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.