7304 Lucille AveBakersfieldCA93308
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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
Investment property for sale in Bakersfield at 7304 Lucille Ave, Bakersfield, CA, 93308 listed at $399,950 pairs $2,754/mo rent with a $1,958/mo payment to leave $279/mo cash flow. Total monthly income runs $2,754/mo, and annual cash flow reaches $3,353/yr on $132,583 cash to close. Return on cash invested measures 22.44% in year one, and rental yield registers 8.26% at a $399,950 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,499 by year five. Five-year ROI tracks 116.4% and total cumulative return in cash totals $154,332. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,754/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
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Listed by: Theresa Olson • Keller Williams Realty
Mls Name: Bakersfield AOR
Mls ID: #202508069