5451 Midsummer Dr APT CBakersfieldCA93308
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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
Investment property for sale in Bakersfield at 5451 Midsummer Dr APT C, Bakersfield, CA, 93308 uses $71,273 cash to close to unlock $10,291/yr annual cash flow and $858/mo monthly cash flow. Total monthly income runs $2,568/mo, and a $1,052/mo payment keeps the spread at $858/mo. Purchase price stands at $215,000, and rental yield measures 14.33% with $2,568/mo rent. Return on cash invested shows 34.35% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 182.61% and total cumulative return in cash records $130,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,568/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 1980
1,742 sqft lot
$N/A/sqft
$340 monthly 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: Suzanne Lynn Harandi • RE/MAX Golden Empire
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407753
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.