6005 Asti DrBakersfieldCA93308
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
Rental property for sale in Bakersfield at 6005 Asti Dr, Bakersfield, CA, 93308 priced at $363,000 converts $3,778/mo rent into $1,362/mo cash flow after a $1,777/mo obligation. Total monthly income equals $3,778/mo, and annual cash flow totals $16,342/yr on $120,335 invested. Return on cash invested prints 33.49% in year one, and rental yield reads 12.49% against a $363,000 entry. Equity gained on principal adds $2,342/yr, while 5% annual appreciation compiles into $100,290 by year five. Five-year ROI reaches 176.27% and total cumulative return in cash sums $212,115. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,778/mo property income covering a $1,777/mo payment, not borrower’s personal income.
Single Family
Built in 2005
5,227 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael R Still • Agentcor-Big Block Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408113
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.