7911 Honeydew 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
Investment property for sale in Bakersfield at 7911 Honeydew Dr, Bakersfield, CA, 93313 with 5% annual appreciation on a $467,900 basis while $4,736/mo rent supports operations. Total monthly income totals $4,736/mo and a $2,290/mo payment preserves $1,842/mo for cash returns. Annual cash flow comes to $22,100/yr on $155,109 deployed, and return on cash invested reaches 34.16% in year one. Equity gained on principal adds $3,019/yr, and five-year appreciation sums $129,272 alongside rental yield of 12.15%. Five-year ROI measures 179.25% and total cumulative return in cash totals $278,026.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,736/mo property income versus a $2,290/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
6,050 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeanine M. Roach • LGI Realty - California, Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408099
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.