3700 Q St APT 221BakersfieldCA93301
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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 3700 Q St APT 221, Bakersfield, CA, 93301 uses $61,328 cash to close to unlock $5,157/yr annual cash flow and $430/mo monthly cash flow. Total monthly income runs $1,877/mo, and a $905/mo payment keeps the spread at $430/mo. Purchase price stands at $185,000, and rental yield measures 12.18% with $1,877/mo rent. Return on cash invested shows 28.32% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 150.1% and total cumulative return in cash records $92,055. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,877/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1973
871 sqft lot
$N/A/sqft
$295 monthly 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: Kenneth J. Stewart • Real Broker
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202412309
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.