504 Richards AveBakersfieldCA93307
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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 504 Richards Ave, Bakersfield, CA, 93307 priced at $284,999 converts $1,978/mo rent into $215/mo cash flow after a $1,395/mo obligation. Total monthly income equals $1,978/mo, and annual cash flow totals $2,579/yr on $94,477 invested. Return on cash invested prints 22.64% in year one, and rental yield reads 8.33% against a $284,999 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 117.47% and total cumulative return in cash sums $110,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,978/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 1959
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93307, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 13,028 (50.4%) |
| Renter Occupied HU | 11,703 (45.2%) |
| Vacant Housing Units | 1,142 ( 4.4%) |
| Median Home Value | $284,043 |
| Average Home Value | $335,164 |
Housing Distribution
Address Breakdown
Residential
24,232
Single Family
23,187
Multi-Family
1,045
Businesses
1,316
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Listed by: Valerie B. Luna • LPT Realty, Inc.
Mls Name: Bakersfield AOR
Mls ID: #202512506