402 18th StBakersfieldCA93301
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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 402 18th St, Bakersfield, CA, 93301 generates $1,843/mo in rent and, after a $1,287/mo payment, leaves $216/mo in cash flow. Total monthly income is $1,843/mo, and annual cash flow is $2,595/yr on $87,185 invested. Return on cash invested sits at 22.89% in year one, and rental yield is 8.41% on a $263,000 entry. Equity gained on principal adds $1,697/yr, while 5% annual appreciation builds toward $72,662 over five years. Five-year ROI reaches 118.84% and total cumulative return in cash sums $103,607. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,843/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 1924
5,662 sqft lot
$N/A/sqft
No 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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