7108 Slickrock DrBakersfieldCA93313
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 7108 Slickrock Dr, Bakersfield, CA, 93313 offers $2,924/mo rent that, after a $2,202/mo payment, leaves $141/mo cash flow. Total monthly income is $2,924/mo, and annual cash flow is $1,691/yr on $149,142 cash. Return on cash invested measures 21.04% in year one, and rental yield stands at 7.8% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 108.9% and total cumulative return in cash reaches $162,418. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,924/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93313, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,359 (100%) |
| Owner Occupied HU | 13,687 (74.6%) |
| Renter Occupied HU | 4,045 (22.0%) |
| Vacant Housing Units | 627 ( 3.4%) |
| Median Home Value | $372,156 |
| Average Home Value | $428,084 |
Housing Distribution
Address Breakdown
Residential
17,601
Single Family
17,280
Multi-Family
321
Businesses
905
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Nearby investment properties with comparable prices
Listed by: Alishaan Abbas • Agentcor-Big Block Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202412716
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.