3531 Palm StBakersfieldCA93309
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
Rental property for sale in Bakersfield at 3531 Palm St, Bakersfield, CA, 93309 offers $3,230/mo rent that, after a $1,463/mo payment, leaves $1,315/mo cash flow. Total monthly income is $3,230/mo, and annual cash flow is $15,783/yr on $99,119 cash. Return on cash invested measures 35.83% in year one, and rental yield stands at 12.96% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 188.54% and total cumulative return in cash reaches $186,874. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,230/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
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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Nearby investment properties with comparable prices
Listed by: Bill Redmond • Watson Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407421
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.