6021 Almendra Ave APT BBakersfieldCA93309
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 6021 Almendra Ave APT B, Bakersfield, CA, 93309 generates $1,239/mo in rent and, after a $808/mo payment, leaves $218/mo in cash flow. Total monthly income is $1,239/mo, and annual cash flow is $2,614/yr on $54,698 invested. Return on cash invested sits at 24.69% in year one, and rental yield is 9.01% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 128.47% and total cumulative return in cash sums $70,271. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,239/mo property income rather than buyer’s personal income.
Condo
Built in 1972
2.47 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph A Leon • Americana Real Estate & Invest
Mls Name: Bakersfield AOR
Mls ID: #202508124