616 W Day AveBakersfieldCA93308
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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
Investment property for sale in Bakersfield at 616 W Day Ave, Bakersfield, CA, 93308 at $1,350,000 posts ROI 3.38% with from $2,160/mo rent. Total monthly income equals $2,160/mo. Return on cash invested measures 3.38% and rental yield reads 1.92% at the current $1,350,000. Equity gained on principal adds $8,711/yr, and 5% annual appreciation supports $372,980 by year five. Five-year ROI prints 14.13% and total cumulative return in cash totals $61,793. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,160/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 2014
0.51 Acres 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: Chyanne M. Wilemon • Keller Williams Realty
Mls Name: Bakersfield AOR
Mls ID: #202509968