4700 Nordic Drive UNIT HBakersfieldCA93309
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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 4700 Nordic Drive UNIT H, Bakersfield, CA, 93309 priced at $215,000 converts $1,865/mo rent into $192/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,865/mo, and annual cash flow totals $2,309/yr on $71,273 invested. Return on cash invested prints 23.15% in year one, and rental yield reads 10.41% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 122.34% and total cumulative return in cash sums $87,193. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,865/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93309, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,423 (100%) |
| Owner Occupied HU | 10,395 (44.4%) |
| Renter Occupied HU | 12,080 (51.6%) |
| Vacant Housing Units | 948 ( 4.0%) |
| Median Home Value | $339,528 |
| Average Home Value | $381,559 |
Housing Distribution
Address Breakdown
Residential
22,812
Single Family
16,852
Multi-Family
5,960
Businesses
1,800
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Listed by: Alicia Alafa • Century 21 Jordan-Link & Co.
Mls Name: TCMLS
Mls Provider:
Mls ID: #233411
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2025-02-12 10:50:35 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.