501 McCord AveBakersfieldCA93308
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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 501 McCord Ave, Bakersfield, CA, 93308 priced at $840,250 pairs $1,327/mo rent with after a $4,113/mo payment. Total monthly income equals $1,327/mo. Return on cash invested is 3.26% in year one, and rental yield stands at 1.9% on a $840,250 basis. Equity gained on principal adds $5,422/yr, and 5% annual appreciation accumulates to $232,146 by year five. Five-year ROI measures 13.5% and total cumulative return in cash reaches $37,316. For financing, Ziffy Mortgage’s DSCR program evaluates $1,327/mo property income against a $4,113/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1981
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
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Listed by: Michael Aaron Freedman • American Real Estate
Mls Name: Bakersfield AOR
Mls ID: #202506981