3505 L StBakersfieldCA93301
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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 3505 L St, Bakersfield, CA, 93301 generates $3,036/mo in rent and, after a $1,591/mo payment, leaves $1,007/mo in cash flow. Total monthly income is $3,036/mo, and annual cash flow is $12,085/yr on $107,738 invested. Return on cash invested sits at 31.13% in year one, and rental yield is 11.21% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 163.1% and total cumulative return in cash sums $175,717. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,036/mo property income rather than buyer’s personal income.
Multi Family
Built in 1923
6,098 sqft lot
$N/A/sqft
No 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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Listed by: Nicholas S. Sibley • Central Valley Property Adviso
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202409316
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.