600 Aussie AveBakersfieldCA93307
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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 600 Aussie Ave, Bakersfield, CA, 93307 uses $117,682 cash to close to unlock $3,008/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $2,509/mo, and a $1,738/mo payment keeps the spread at $251/mo. Purchase price stands at $354,999, and rental yield measures 8.48% with $2,509/mo rent. Return on cash invested shows 22.46% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 116.79% and total cumulative return in cash records $137,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,509/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 2016
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93307, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 13,028 (50.4%) |
| Renter Occupied HU | 11,703 (45.2%) |
| Vacant Housing Units | 1,142 ( 4.4%) |
| Median Home Value | $284,043 |
| Average Home Value | $335,164 |
Housing Distribution
Address Breakdown
Residential
24,232
Single Family
23,187
Multi-Family
1,045
Businesses
1,316
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Listed by: Jorge Chavez • Open Door Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202412900
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.