507 Lincoln StBakersfieldCA93305
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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 507 Lincoln St, Bakersfield, CA, 93305 offers $3,091/mo rent that, after a $1,826/mo payment, leaves $783/mo cash flow. Total monthly income is $3,091/mo, and annual cash flow is $9,398/yr on $123,650 cash. Return on cash invested measures 27.51% in year one, and rental yield stands at 9.94% at a $373,000 entry. Equity gained on principal adds $2,407/yr while 5% annual appreciation compounds into $103,053 by year five. Five-year ROI records 143.62% and total cumulative return in cash reaches $177,587. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,091/mo property income versus a $1,826/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1915
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93305, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,083 (100%) |
| Owner Occupied HU | 4,330 (35.8%) |
| Renter Occupied HU | 7,204 (59.6%) |
| Vacant Housing Units | 549 ( 4.5%) |
| Median Home Value | $280,402 |
| Average Home Value | $352,555 |
Housing Distribution
Address Breakdown
Residential
11,593
Single Family
10,310
Multi-Family
1,283
Businesses
893
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Nearby investment properties with comparable prices
Listed by: Philip M Jordan • Keller Williams Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408654
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.