600 Olive StBakersfieldCA93304
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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 600 Olive St, Bakersfield, CA, 93304 priced at $419,000 converts $1,951/mo rent into after a $2,051/mo obligation. Total monthly income equals $1,951/mo. Return on cash invested prints 14.37% in year one, and rental yield reads 5.59% against a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation compiles into $115,762 by year five. Five-year ROI reaches 73.13% and total cumulative return in cash sums $101,573. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,951/mo property income covering a $2,051/mo payment, not borrower’s personal income.
Single Family
Built in 1926
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93304, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,902 (100%) |
| Owner Occupied HU | 6,979 (41.3%) |
| Renter Occupied HU | 9,178 (54.3%) |
| Vacant Housing Units | 745 ( 4.4%) |
| Median Home Value | $268,814 |
| Average Home Value | $320,017 |
Housing Distribution
Address Breakdown
Residential
16,210
Single Family
13,980
Multi-Family
2,230
Businesses
1,062
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Listed by: Kendra L. Merrell • Lisa Tucker Hood, Broker
Mls Name: Bakersfield AOR
Mls ID: #202508386