5661 Eva WayBakersfieldCA93308
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Nearby investment properties with comparable prices
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 5661 Eva Way, Bakersfield, CA, 93308 uses $142,214 cash to close to unlock $9,398/yr annual cash flow and $783/mo monthly cash flow. Total monthly income runs $3,492/mo, and a $2,100/mo payment keeps the spread at $783/mo. Purchase price stands at $429,000, and rental yield measures 9.77% with $3,492/mo rent. Return on cash invested shows 26.52% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 138.47% and total cumulative return in cash records $196,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,492/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Single Family
Built in 1978
10,018 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 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
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Listed by: Brian N. Tuttle • Coldwell Banker Preferred,RLT
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202411027
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.