4003 Noel PlBakersfieldCA93306
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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 4003 Noel Pl, Bakersfield, CA, 93306 priced at $164,990 pairs $2,447/mo rent with $946/mo cash flow after a $808/mo payment. Total monthly income equals $2,447/mo, and annual cash flow comes to $11,351/yr on $54,694 invested. Return on cash invested is 40.66% in year one, and rental yield stands at 17.8% on a $164,990 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,584 by year five. Five-year ROI measures 217.95% and total cumulative return in cash reaches $119,204. For financing, Ziffy Mortgage’s DSCR program evaluates $2,447/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1959
6.79 Acres lot
$N/A/sqft
$480 monthly 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: Javier Guzman • Agentcor-Big Block Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202404557
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.