521 Rainbow Ct, Bakersfield, CA, 93308 | $144/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bakersfield at 521 Rainbow Ct, Bakersfield, CA, 93308 offers a 8.35% rental yield on a $287,500 purchase with $2,001/mo rent. Total monthly income registers $2,001/mo, and a $1,407/mo payment leaves $144/mo available for distribution. Annual cash flow reaches $1,723/yr on $95,306 to close, and return on cash invested stands at 21.72% in year one. Equity gained on principal adds $1,855/yr while 5% annual appreciation supports $79,431 over five years. Portfolio math shows five-year ROI at 112.92% and total cumulative return in cash at $107,615. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,001/mo property income against a $1,407/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1959

5,662 sqft 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