3706 Redlands DrBakersfieldCA93306
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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 3706 Redlands Dr, Bakersfield, CA, 93306 priced at $352,500 converts $3,905/mo rent into $1,703/mo cash flow after a $1,725/mo obligation. Total monthly income equals $3,905/mo, and annual cash flow totals $20,432/yr on $116,854 invested. Return on cash invested prints 37.39% in year one, and rental yield reads 13.29% against a $352,500 entry. Equity gained on principal adds $2,275/yr, while 5% annual appreciation compiles into $97,389 by year five. Five-year ROI reaches 196.69% and total cumulative return in cash sums $229,843. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,905/mo property income covering a $1,725/mo payment, not borrower’s personal income.
Single Family
Built in 1965
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93306, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,867 (100%) |
| Owner Occupied HU | 15,342 (61.7%) |
| Renter Occupied HU | 8,578 (34.5%) |
| Vacant Housing Units | 947 ( 3.8%) |
| Median Home Value | $344,569 |
| Average Home Value | $371,081 |
Housing Distribution
Address Breakdown
Residential
24,156
Single Family
23,191
Multi-Family
965
Businesses
582
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Listed by: Ashish K. Gupta • Emerge Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408206
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.