3620 Goldbar DrBakersfieldCA93312
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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
Investment property for sale in Bakersfield at 3620 Goldbar Dr, Bakersfield, CA, 93312 offers a 7.9% rental yield on a $391,500 purchase with $2,576/mo rent. Total monthly income registers $2,576/mo, and a $1,916/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,852/yr on $129,782 to close, and return on cash invested stands at 21.34% in year one. Equity gained on principal adds $2,526/yr while 5% annual appreciation supports $108,164 over five years. Portfolio math shows five-year ROI at 110.5% and total cumulative return in cash at $143,411. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,576/mo property income against a $1,916/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93312, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,974 (100%) |
| Owner Occupied HU | 15,198 (76.1%) |
| Renter Occupied HU | 4,323 (21.6%) |
| Vacant Housing Units | 453 ( 2.3%) |
| Median Home Value | $426,099 |
| Average Home Value | $453,704 |
Housing Distribution
Address Breakdown
Residential
19,587
Single Family
18,974
Multi-Family
613
Businesses
769
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Listed by: Gary M. Frausto Jr. • Radiant Real Estate
Mls Name: Bakersfield AOR
Mls ID: #202513905