385 Peerless StMc FarlandCA93250
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 Mc Farland at 385 Peerless St, Mc Farland, CA, 93250 priced at $409,000 converts $2,615/mo rent into $85/mo cash flow after a $2,002/mo obligation. Total monthly income equals $2,615/mo, and annual cash flow totals $1,016/yr on $135,584 invested. Return on cash invested prints 20.66% in year one, and rental yield reads 7.67% against a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation compiles into $112,999 by year five. Five-year ROI reaches 106.86% and total cumulative return in cash sums $144,885. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,615/mo property income covering a $2,002/mo payment, not borrower’s personal income.
Single Family
Built in 2007
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93250, Mc Farland, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,808 (100%) |
| Owner Occupied HU | 2,192 (57.6%) |
| Renter Occupied HU | 1,522 (40.0%) |
| Vacant Housing Units | 94 ( 2.5%) |
| Median Home Value | $281,604 |
| Average Home Value | $305,584 |
Housing Distribution
Address Breakdown
Residential
3,576
Single Family
3,505
Multi-Family
71
Businesses
190
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Nearby investment properties with comparable prices
Listed by: Gricelda Lopez • Clemmer and Company Real Estat
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202500109
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.