409 Water StBakersfieldCA93305
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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 409 Water St, Bakersfield, CA, 93305 offers a 9.27% rental yield on a $230,000 purchase with $1,777/mo rent. Total monthly income registers $1,777/mo, and a $1,126/mo payment leaves $354/mo available for distribution. Annual cash flow reaches $4,247/yr on $76,245 to close, and return on cash invested stands at 25.48% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 132.7% and total cumulative return in cash at $101,179. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,777/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93305, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,083 (100%) |
| Owner Occupied HU | 4,330 (35.8%) |
| Renter Occupied HU | 7,204 (59.6%) |
| Vacant Housing Units | 549 ( 4.5%) |
| Median Home Value | $280,402 |
| Average Home Value | $352,555 |
Housing Distribution
Address Breakdown
Residential
11,593
Single Family
10,310
Multi-Family
1,283
Businesses
893
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Listed by: Jose D. Madrigal Martinez • Solutions Realty, Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202402771
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.