381 Palomino 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
Investment property for sale in Bakersfield at 381 Palomino Dr, Bakersfield, CA, 93306 with 5% annual appreciation on a $234,900 basis while $3,155/mo rent supports operations. Total monthly income totals $3,155/mo and a $1,150/mo payment preserves $1,662/mo for cash returns. Annual cash flow comes to $19,942/yr on $77,869 deployed, and return on cash invested reaches 45.52% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,899 alongside rental yield of 16.12%. Five-year ROI measures 240.38% and total cumulative return in cash totals $187,185.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,155/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.29 Acres 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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Nearby investment properties with comparable prices
Listed by: Michael Aaron Freedman • American Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407146
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.