7037 Chalmette DrBakersfieldCA93309
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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 7037 Chalmette Dr, Bakersfield, CA, 93309 priced at $390,000 converts $2,209/mo rent into after a $1,909/mo obligation. Total monthly income equals $2,209/mo. Return on cash invested prints 18.02% in year one, and rental yield reads 6.8% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 92.71% and total cumulative return in cash sums $119,864. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,209/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 1982
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93309, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,423 (100%) |
| Owner Occupied HU | 10,395 (44.4%) |
| Renter Occupied HU | 12,080 (51.6%) |
| Vacant Housing Units | 948 ( 4.0%) |
| Median Home Value | $339,528 |
| Average Home Value | $381,559 |
Housing Distribution
Address Breakdown
Residential
22,812
Single Family
16,852
Multi-Family
5,960
Businesses
1,800
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Listed by: Jaime Omar Quintana • Vision Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202504400
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.