6702 Chinook Falls DrBakersfieldCA93312
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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 6702 Chinook Falls Dr, Bakersfield, CA, 93312 listed at $525,000 pairs $4,855/mo rent with a $2,570/mo payment to leave $1,432/mo cash flow. Total monthly income runs $4,855/mo, and annual cash flow reaches $17,188/yr on $172,725 cash to close. Return on cash invested measures 30.01% in year one, and rental yield registers 11.1% at a $525,000 basis. Equity gained on principal adds $3,388/yr, and annual property appreciation at 5% supports $145,048 by year five. Five-year ROI tracks 157.43% and total cumulative return in cash totals $271,929. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,855/mo property income relative to a $2,570/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93312, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,974 (100%) |
| Owner Occupied HU | 15,198 (76.1%) |
| Renter Occupied HU | 4,323 (21.6%) |
| Vacant Housing Units | 453 ( 2.3%) |
| Median Home Value | $426,099 |
| Average Home Value | $453,704 |
Housing Distribution
Address Breakdown
Residential
19,587
Single Family
18,974
Multi-Family
613
Businesses
769
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Listed by: Antero D. Iturriria • Central Cal Management, Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202404864
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.