703 Woodrow AveBakersfieldCA93308
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 Woodrow Ave, Bakersfield, CA, 93308 uses $72,930 cash to close to unlock $6,406/yr annual cash flow and $534/mo monthly cash flow. Total monthly income runs $1,895/mo, and a $1,077/mo payment keeps the spread at $534/mo. Purchase price stands at $220,000, and rental yield measures 10.34% with $1,895/mo rent. Return on cash invested shows 28.69% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 149.95% and total cumulative return in cash records $109,355. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,895/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1940
6,059 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CESAR DIAZ • PONCE & PONCE REALTY, INC
Mls Name: CRMLS
Mls ID: #IG26006557