420 Houchin RdBakersfieldCA93304
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
Investment property for sale in Bakersfield at 420 Houchin Rd, Bakersfield, CA, 93304 earns $1,255/mo cash flow from $5,132/mo rent with a $3,029/mo payment. Total monthly income totals $5,132/mo, and annual cash flow totals $15,062/yr on $203,614 capital. ROI tracks 27.46% on current figures, and rental yield reads 9.95% at a $618,888 purchase. Equity gained on principal adds $3,994/yr, and 5% annual appreciation supports $170,987 over five years. Five-year ROI reaches 143.41% and total cumulative return in cash sums $291,998. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,132/mo property income instead of your personal income.
Single Family
Built in 1941
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93304, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,902 (100%) |
| Owner Occupied HU | 6,979 (41.3%) |
| Renter Occupied HU | 9,178 (54.3%) |
| Vacant Housing Units | 745 ( 4.4%) |
| Median Home Value | $268,814 |
| Average Home Value | $320,017 |
Housing Distribution
Address Breakdown
Residential
16,210
Single Family
13,980
Multi-Family
2,230
Businesses
1,062
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Listed by: Marissa M. Aceves • Coldwell Banker Preferred,RLT
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408227
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.