6914 Canaletto AveBakersfieldCA93306
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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 6914 Canaletto Ave, Bakersfield, CA, 93306 uses $228,820 cash to close to unlock $4,076/yr annual cash flow and $340/mo monthly cash flow. Total monthly income runs $4,642/mo, and a $3,404/mo payment keeps the spread at $340/mo. Purchase price stands at $695,500, and rental yield measures 8.01% with $4,642/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $192,154 over five years. Five-year ROI reaches 113.17% and total cumulative return in cash records $258,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,642/mo property income covering a $3,404/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93306, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,867 (100%) |
| Owner Occupied HU | 15,342 (61.7%) |
| Renter Occupied HU | 8,578 (34.5%) |
| Vacant Housing Units | 947 ( 3.8%) |
| Median Home Value | $344,569 |
| Average Home Value | $371,081 |
Housing Distribution
Address Breakdown
Residential
24,156
Single Family
23,191
Multi-Family
965
Businesses
582
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Listed by: Clint J. Bottoms • Watson Realty
Mls Name: Bakersfield AOR
Mls ID: #202509505