600 Lansing Dr APT 10BakersfieldCA93309
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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 Lansing Dr APT 10, Bakersfield, CA, 93309 earns $131/mo cash flow from $1,430/mo rent with a $1,028/mo payment. Total monthly income totals $1,430/mo, and annual cash flow totals $1,569/yr on $69,615 capital. ROI tracks 22.16% on current figures, and rental yield reads 8.17% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 114.93% and total cumulative return in cash sums $80,008. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,430/mo property income instead of your personal income.
Condo
Built in 1971
435.60 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: Lorenzo Martinez • Lorenzo Martinez, Broker
Mls Name: Bakersfield AOR
Mls ID: #202512583