706 L StBakersfieldCA93304
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
Rental property for sale in Bakersfield at 706 L St, Bakersfield, CA, 93304 priced at $229,500 converts $1,786/mo rent into $367/mo cash flow after a $1,123/mo obligation. Total monthly income equals $1,786/mo, and annual cash flow totals $4,399/yr on $76,079 invested. Return on cash invested prints 25.69% in year one, and rental yield reads 9.34% against a $229,500 entry. Equity gained on principal adds $1,481/yr, while 5% annual appreciation compiles into $63,407 by year five. Five-year ROI reaches 133.86% and total cumulative return in cash sums $101,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,786/mo property income covering a $1,123/mo payment, not borrower’s personal income.
Single Family
Built in 1912
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93304, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,902 (100%) |
| Owner Occupied HU | 6,979 (41.3%) |
| Renter Occupied HU | 9,178 (54.3%) |
| Vacant Housing Units | 745 ( 4.4%) |
| Median Home Value | $268,814 |
| Average Home Value | $320,017 |
Housing Distribution
Address Breakdown
Residential
16,210
Single Family
13,980
Multi-Family
2,230
Businesses
1,062
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Maura Ojeda • Bahena Real Estate Group
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202505356
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.