6309 Castleford StBakersfieldCA93313
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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 6309 Castleford St, Bakersfield, CA, 93313 priced at $850,000 converts $2,604/mo rent into after a $4,160/mo obligation. Total monthly income equals $2,604/mo. Return on cash invested prints 8.06% in year one, and rental yield reads 3.68% against a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 39.46% and total cumulative return in cash sums $110,362. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,604/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Multi Family
Built in 1985
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93313, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,359 (100%) |
| Owner Occupied HU | 13,687 (74.6%) |
| Renter Occupied HU | 4,045 (22.0%) |
| Vacant Housing Units | 627 ( 3.4%) |
| Median Home Value | $372,156 |
| Average Home Value | $428,084 |
Housing Distribution
Address Breakdown
Residential
17,601
Single Family
17,280
Multi-Family
321
Businesses
905
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Listed by: Eric VanDenk • Central Valley Property Adviso
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407164
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.