8213 Lexington AveBakersfieldCA93306
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 8213 Lexington Ave, Bakersfield, CA, 93306 uses $92,820 cash to close to unlock $14,152/yr annual cash flow and $1,179/mo monthly cash flow. Total monthly income runs $2,911/mo, and a $1,370/mo payment keeps the spread at $1,179/mo. Purchase price stands at $279,999, and rental yield measures 12.48% with $2,911/mo rent. Return on cash invested shows 35.16% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 184.61% and total cumulative return in cash records $171,356. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,911/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93306, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,867 (100%) |
| Owner Occupied HU | 15,342 (61.7%) |
| Renter Occupied HU | 8,578 (34.5%) |
| Vacant Housing Units | 947 ( 3.8%) |
| Median Home Value | $344,569 |
| Average Home Value | $371,081 |
Housing Distribution
Address Breakdown
Residential
24,156
Single Family
23,191
Multi-Family
965
Businesses
582
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Listed by: Israel Salgado • The Mora Partners Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202409175
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.