8216 Wakefield CtBakersfieldCA93311
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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 Bakersfield at 8216 Wakefield Ct, Bakersfield, CA, 93311 listed at $460,000 pairs $3,125/mo rent with a $2,251/mo payment to leave $280/mo cash flow. Total monthly income runs $3,125/mo, and annual cash flow reaches $3,358/yr on $152,490 cash to close. Return on cash invested measures 22.11% in year one, and rental yield registers 8.15% at a $460,000 basis. Equity gained on principal adds $2,968/yr, and annual property appreciation at 5% supports $127,090 by year five. Five-year ROI tracks 114.64% and total cumulative return in cash totals $174,817. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,125/mo property income relative to a $2,251/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93311, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,614 (100%) |
| Owner Occupied HU | 13,923 (71.0%) |
| Renter Occupied HU | 4,937 (25.2%) |
| Vacant Housing Units | 754 ( 3.8%) |
| Median Home Value | $450,345 |
| Average Home Value | $507,067 |
Housing Distribution
Address Breakdown
Residential
19,007
Single Family
17,627
Multi-Family
1,380
Businesses
627
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Listed by: Martin Munoz • Miramar Realty
Mls Name: Bakersfield AOR
Mls ID: #202600359