5008 Chukchansi AveBakersfieldCA93306
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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 5008 Chukchansi Ave, Bakersfield, CA, 93306 priced at $447,900 converts $4,884/mo rent into $2,113/mo cash flow after a $2,192/mo obligation. Total monthly income equals $4,884/mo, and annual cash flow totals $25,362/yr on $148,479 invested. Return on cash invested prints 36.99% in year one, and rental yield reads 13.09% against a $447,900 entry. Equity gained on principal adds $2,890/yr, while 5% annual appreciation compiles into $123,747 by year five. Five-year ROI reaches 194.45% and total cumulative return in cash sums $288,714. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,884/mo property income covering a $2,192/mo payment, not borrower’s personal income.
Single Family
Built in 2024
10,419 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93306, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,867 (100%) |
| Owner Occupied HU | 15,342 (61.7%) |
| Renter Occupied HU | 8,578 (34.5%) |
| Vacant Housing Units | 947 ( 3.8%) |
| Median Home Value | $344,569 |
| Average Home Value | $371,081 |
Housing Distribution
Address Breakdown
Residential
24,156
Single Family
23,191
Multi-Family
965
Businesses
582
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Listed by: Jeanine M. Roach • LGI Realty - California, Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408162
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.