8008 Ruthburg WayBakersfieldCA93314
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 8008 Ruthburg Way, Bakersfield, CA, 93314 offers a 10.25% rental yield on a $651,580 purchase with $5,563/mo rent. Total monthly income registers $5,563/mo, and a $3,189/mo payment leaves $1,532/mo available for distribution. Annual cash flow reaches $18,388/yr on $214,370 to close, and return on cash invested stands at 28.64% in year one. Equity gained on principal adds $4,205/yr while 5% annual appreciation supports $180,020 over five years. Portfolio math shows five-year ROI at 149.63% and total cumulative return in cash at $320,754. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,563/mo property income against a $3,189/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
10,800 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Amy Elizabeth Short • Greg Balfanz, Broker
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202403296
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.