619 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
Investment property for sale in Bakersfield at 619 L St, Bakersfield, CA, 93304 offers a 7.65% rental yield on a $219,995 purchase with $1,403/mo rent. Total monthly income registers $1,403/mo, and a $1,077/mo payment leaves $42/mo available for distribution. Annual cash flow reaches $502/yr on $72,928 to close, and return on cash invested stands at 20.6% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,781 over five years. Portfolio math shows five-year ROI at 106.54% and total cumulative return in cash at $77,698. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,403/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
0.28 Acres 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: Louise C Juracek • Open Door Real Estate
Mls Name: Bakersfield AOR
Mls ID: #202600631