723 Shalimar DrBakersfieldCA93306
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 723 Shalimar Dr, Bakersfield, CA, 93306 generates $1,821/mo in rent and, after a $1,272/mo payment, leaves $178/mo in cash flow. Total monthly income is $1,821/mo, and annual cash flow is $2,139/yr on $86,157 invested. Return on cash invested sits at 22.39% in year one, and rental yield is 8.41% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 116.38% and total cumulative return in cash sums $100,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,821/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93306, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,867 (100%) |
| Owner Occupied HU | 15,342 (61.7%) |
| Renter Occupied HU | 8,578 (34.5%) |
| Vacant Housing Units | 947 ( 3.8%) |
| Median Home Value | $344,569 |
| Average Home Value | $371,081 |
Housing Distribution
Address Breakdown
Residential
24,156
Single Family
23,191
Multi-Family
965
Businesses
582
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Nearby investment properties with comparable prices
Listed by: Adrian Prado • Wayside, Realtors
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202505503
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.