8048 Melody LnOnyxCA93255
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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 Onyx at 8048 Melody Ln, Onyx, CA, 93255 offers a 21.84% rental yield on a $106,000 purchase with $1,929/mo rent. Total monthly income registers $1,929/mo, and a $519/mo payment leaves $1,273/mo available for distribution. Annual cash flow reaches $15,277/yr on $35,139 to close, and return on cash invested stands at 63.38% in year one. Equity gained on principal adds $684/yr while 5% annual appreciation supports $29,286 over five years. Portfolio math shows five-year ROI at 336.15% and total cumulative return in cash at $118,120. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,929/mo property income against a $519/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1971
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93255, Onyx, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 377 (100%) |
| Owner Occupied HU | 200 (53.1%) |
| Renter Occupied HU | 87 (23.1%) |
| Vacant Housing Units | 90 (23.9%) |
| Median Home Value | $152,273 |
| Average Home Value | $207,563 |
Housing Distribution
Address Breakdown
Residential
58
Single Family
58
Multi-Family
0
Businesses
2
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Listed by: Alan Cruz • Klovus Realty
Mls Name: Bakersfield AOR
Mls ID: #202513559