409 Withee StBakersfieldCA93307
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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 409 Withee St, Bakersfield, CA, 93307 generates $1,992/mo in rent and, after a $1,313/mo payment, leaves $333/mo in cash flow. Total monthly income is $1,992/mo, and annual cash flow is $3,991/yr on $88,908 invested. Return on cash invested sits at 24.4% in year one, and rental yield is 8.91% on a $268,200 entry. Equity gained on principal adds $1,731/yr, while 5% annual appreciation builds toward $74,099 over five years. Five-year ROI reaches 126.94% and total cumulative return in cash sums $112,860. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,992/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93307, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 13,028 (50.4%) |
| Renter Occupied HU | 11,703 (45.2%) |
| Vacant Housing Units | 1,142 ( 4.4%) |
| Median Home Value | $284,043 |
| Average Home Value | $335,164 |
Housing Distribution
Address Breakdown
Residential
24,232
Single Family
23,187
Multi-Family
1,045
Businesses
1,316
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Listed by: Guillermina Madrid Garcia • Legacy Real Estate Inc
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202409930
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.