608 Orchid DrBakersfieldCA93308
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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 608 Orchid Dr, Bakersfield, CA, 93308 generates $2,437/mo in rent and, after a $1,860/mo payment, leaves $86/mo in cash flow. Total monthly income is $2,437/mo, and annual cash flow is $1,035/yr on $125,953 invested. Return on cash invested sits at 20.73% in year one, and rental yield is 7.7% on a $379,950 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,973 over five years. Five-year ROI reaches 107.28% and total cumulative return in cash sums $135,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,437/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
6,969 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
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Listed by: Wesley J. Willingham • New Concept Realty, Inc.
Mls Name: Bakersfield AOR
Mls ID: #202600958