6930 Water Wheel DrBakersfieldCA93313
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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 6930 Water Wheel Dr, Bakersfield, CA, 93313 generates $2,324/mo in rent, after a $1,884/mo payment. Total monthly income is $2,324/mo. Return on cash invested sits at 19.37% in year one, and rental yield is 7.24% on a $384,950 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,355 over five years. Five-year ROI reaches 99.96% and total cumulative return in cash sums $127,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,324/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
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
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Listed by: Laura Diaz • Century 21 Jordan-Link & Co
Mls Name: Bakersfield AOR
Mls ID: #202509011