6316 Pennsylvania WayBakersfieldCA93313
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 6316 Pennsylvania Way, Bakersfield, CA, 93313 at $429,000 posts ROI 31.77% with $1,406/mo cash flow from $4,276/mo rent. Total monthly income equals $4,276/mo, and annual cash flow records $16,867/yr on $142,214 to close. Return on cash invested measures 31.77% and rental yield reads 11.96% at the current $429,000. Equity gained on principal adds $2,768/yr, and 5% annual appreciation supports $118,525 by year five. Five-year ROI prints 167.12% and total cumulative return in cash totals $237,661.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,276/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2006
4,791 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Mariana Lemus • Homestead Real Estate
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408521
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.