7024 Nine Mile Pass 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
Investment property for sale in Bakersfield at 7024 Nine Mile Pass Dr, Bakersfield, CA, 93313 uses $144,531 cash to close to unlock $5,242/yr annual cash flow and $437/mo monthly cash flow. Total monthly income runs $3,134/mo, and a $2,134/mo payment keeps the spread at $437/mo. Purchase price stands at $435,990, and rental yield measures 8.63% with $3,134/mo rent. Return on cash invested shows 23.54% in year one, and 5% annual appreciation builds toward $120,456 over five years. Five-year ROI reaches 122.28% and total cumulative return in cash records $176,735. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,134/mo property income covering a $2,134/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A 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: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A