705 Faversham WayBakersfieldCA93311
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 705 Faversham Way, Bakersfield, CA, 93311 earns from $3,197/mo rent with a $2,663/mo payment. Total monthly income totals $3,197/mo. ROI tracks 18.51% on current figures, and rental yield reads 7.05% at a $544,000 purchase. Equity gained on principal adds $3,510/yr, and 5% annual appreciation supports $150,297 over five years. Five-year ROI reaches 95.46% and total cumulative return in cash sums $170,854. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,197/mo property income instead of your personal income.
Single Family
Built in 1998
9,583 sqft lot
$N/A/sqft
$45 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93311, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,614 (100%) |
| Owner Occupied HU | 13,923 (71.0%) |
| Renter Occupied HU | 4,937 (25.2%) |
| Vacant Housing Units | 754 ( 3.8%) |
| Median Home Value | $450,345 |
| Average Home Value | $507,067 |
Housing Distribution
Address Breakdown
Residential
19,007
Single Family
17,627
Multi-Family
1,380
Businesses
627
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Nearby investment properties with comparable prices
Listed by: Brian Hicks • Brian Hicks Real Estate Group
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408652
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.