5909 Sunny Palms Ave APT 16BakersfieldCA93309
Nearby investment properties with comparable rents
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 5909 Sunny Palms Ave APT 16, Bakersfield, CA, 93309 earns $94/mo cash flow from $1,919/mo rent with a $1,231/mo payment. Total monthly income totals $1,919/mo, and annual cash flow totals $1,124/yr on $83,372 capital. ROI tracks 21.26% on current figures, and rental yield reads 9.16% at a $251,500 purchase. Equity gained on principal adds $1,623/yr, and 5% annual appreciation supports $69,485 over five years. Five-year ROI reaches 111.49% and total cumulative return in cash sums $92,953. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,919/mo property income instead of your personal income.
Condo
Built in 1977
1,742 sqft lot
$N/A/sqft
$259 monthly 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: Frank Tripicchio • Frank Tripicchio Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202502766
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.