8406 Nine Iron DrBakersfieldCA93312
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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
Rental property for sale in Bakersfield at 8406 Nine Iron Dr, Bakersfield, CA, 93312 priced at $685,000 pairs $6,748/mo rent with $2,299/mo cash flow after a $3,353/mo payment. Total monthly income equals $6,748/mo, and annual cash flow comes to $27,588/yr on $225,365 invested. Return on cash invested is 32.3% in year one, and rental yield stands at 11.82% on a $685,000 basis. Equity gained on principal adds $4,420/yr, and 5% annual appreciation accumulates to $189,253 by year five. Five-year ROI measures 169.66% and total cumulative return in cash reaches $382,354. For financing, Ziffy Mortgage’s DSCR program evaluates $6,748/mo property income against a $3,353/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2014
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93312, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,974 (100%) |
| Owner Occupied HU | 15,198 (76.1%) |
| Renter Occupied HU | 4,323 (21.6%) |
| Vacant Housing Units | 453 ( 2.3%) |
| Median Home Value | $426,099 |
| Average Home Value | $453,704 |
Housing Distribution
Address Breakdown
Residential
19,587
Single Family
18,974
Multi-Family
613
Businesses
769
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Nearby investment properties with comparable prices
Listed by: Terri Meyer Collins • Watson Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202407807
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.