609 Taylor St APT 6BakersfieldCA93309
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
Investment property for sale in Bakersfield at 609 Taylor St APT 6, Bakersfield, CA, 93309 at $225,000 posts ROI 36.97% with $1,060/mo cash flow from $2,698/mo rent. Total monthly income equals $2,698/mo, and annual cash flow records $12,724/yr on $74,588 to close. Return on cash invested measures 36.97% and rental yield reads 14.39% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 195.78% and total cumulative return in cash totals $146,025.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,698/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1976
435 sqft lot
$N/A/sqft
$246 monthly 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: Trevor J. Bender • Open Door Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408827
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.