716 Wayne DrBakersfieldCA93304
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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 716 Wayne Dr, Bakersfield, CA, 93304 priced at $299,999 converts $3,300/mo rent into $1,424/mo cash flow after a $1,468/mo obligation. Total monthly income equals $3,300/mo, and annual cash flow totals $17,091/yr on $99,450 invested. Return on cash invested prints 37.09% in year one, and rental yield reads 13.2% against a $299,999 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 195.11% and total cumulative return in cash sums $194,040. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,300/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1956
6,969 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
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Listed by: Adilene F. Pena • Century 21 Jordan-Link & Co
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202406964
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.