703 Sparling AveBakersfieldCA93307
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 703 Sparling Ave, Bakersfield, CA, 93307 listed at $277,999 pairs $3,353/mo rent with a $1,361/mo payment to leave $1,521/mo cash flow. Total monthly income runs $3,353/mo, and annual cash flow reaches $18,249/yr on $92,157 cash to close. Return on cash invested measures 39.71% in year one, and rental yield registers 14.47% at a $277,999 basis. Equity gained on principal adds $1,794/yr, and annual property appreciation at 5% supports $76,806 by year five. Five-year ROI tracks 209.57% and total cumulative return in cash totals $193,132. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,353/mo property income relative to a $1,361/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93307, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 13,028 (50.4%) |
| Renter Occupied HU | 11,703 (45.2%) |
| Vacant Housing Units | 1,142 ( 4.4%) |
| Median Home Value | $284,043 |
| Average Home Value | $335,164 |
Housing Distribution
Address Breakdown
Residential
24,232
Single Family
23,187
Multi-Family
1,045
Businesses
1,316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Angeles Sandoval • Golden Valley RealEstate Group
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202406512
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.