5500 Lennox Avenue #36BakersfieldCA93309
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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 5500 Lennox Avenue #36, Bakersfield, CA, 93309 generates $2,509/mo in rent and, after a $1,556/mo payment, leaves $542/mo in cash flow. Total monthly income is $2,509/mo, and annual cash flow is $6,507/yr on $105,417 invested. Return on cash invested sits at 26.08% in year one, and rental yield is 9.47% on a $318,000 entry. Equity gained on principal adds $2,052/yr, while 5% annual appreciation builds toward $87,858 over five years. Five-year ROI reaches 135.97% and total cumulative return in cash sums $143,339. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,509/mo property income rather than buyer’s personal income.
Condo
Built in 1984
1,696 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93309, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,423 (100%) |
| Owner Occupied HU | 10,395 (44.4%) |
| Renter Occupied HU | 12,080 (51.6%) |
| Vacant Housing Units | 948 ( 4.0%) |
| Median Home Value | $339,528 |
| Average Home Value | $381,559 |
Housing Distribution
Address Breakdown
Residential
22,812
Single Family
16,852
Multi-Family
5,960
Businesses
1,800
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Listed by: Hector J Godinez • Legacy Real Estate Inc
Mls Name: TCMLS
Mls ID: #239380