606 L 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 606 L St, Bakersfield, CA, 93304 priced at $325,000 pairs $1,620/mo rent with after a $1,591/mo payment. Total monthly income equals $1,620/mo. Return on cash invested is 15.56% in year one, and rental yield stands at 5.98% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 79.53% and total cumulative return in cash reaches $85,681. For financing, Ziffy Mortgage’s DSCR program evaluates $1,620/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1903
7,840 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: Seth Thomas • Paramount Real Estate
Mls Name: Bakersfield AOR
Mls ID: #202506423