821 Bunting DrBakersfieldCA93307
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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
Rental property for sale in Bakersfield at 821 Bunting Dr, Bakersfield, CA, 93307 generates $1,582/mo in rent, after a $1,463/mo payment. Total monthly income is $1,582/mo. Return on cash invested sits at 16.35% in year one, and rental yield is 6.35% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 83.85% and total cumulative return in cash sums $83,110. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,582/mo property income rather than buyer’s personal income.
Multi Family
Built in 1941
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93307, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,873 (100%) |
| Owner Occupied HU | 13,028 (50.4%) |
| Renter Occupied HU | 11,703 (45.2%) |
| Vacant Housing Units | 1,142 ( 4.4%) |
| Median Home Value | $284,043 |
| Average Home Value | $335,164 |
Housing Distribution
Address Breakdown
Residential
24,232
Single Family
23,187
Multi-Family
1,045
Businesses
1,316
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Listed by: Greg L Holland • Coldwell Banker Preferred,RLT
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408584
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.