501 Rose AveTaftCA93268
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 Taft at 501 Rose Ave, Taft, CA, 93268 uses $39,780 cash to close to unlock $13,192/yr annual cash flow and $1,099/mo monthly cash flow. Total monthly income runs $1,865/mo, and a $587/mo payment keeps the spread at $1,099/mo. Purchase price stands at $120,000, and rental yield measures 18.65% with $1,865/mo rent. Return on cash invested shows 53.07% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 281.01% and total cumulative return in cash records $111,787. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,865/mo property income covering a $587/mo payment rather than investor’s personal income.
Multi Family
Built in 1925
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93268, Taft, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,136 (100%) |
| Owner Occupied HU | 3,052 (49.7%) |
| Renter Occupied HU | 2,544 (41.5%) |
| Vacant Housing Units | 540 ( 8.8%) |
| Median Home Value | $267,980 |
| Average Home Value | $368,048 |
Housing Distribution
Address Breakdown
Residential
5,612
Single Family
5,439
Multi-Family
173
Businesses
452
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Nearby investment properties with comparable prices
Listed by: Irma Carrera • HomeSmart PV and Associates
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202406315
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.