7008 Water Wheel Dr, Bakersfield, CA, 93313 | $69/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bakersfield at 7008 Water Wheel Dr, Bakersfield, CA, 93313 uses $111,052 cash to close to unlock $832/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $2,297/mo, and a $1,640/mo payment keeps the spread at $69/mo. Purchase price stands at $334,999, and rental yield measures 8.23% with $2,297/mo rent. Return on cash invested shows 20.66% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 107.49% and total cumulative return in cash records $119,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,297/mo property income covering a $1,640/mo payment rather than investor’s personal income.

Single Family

Built in 1996

5,227 sqft lot

$N/A/sqft

$155 monthly 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