8502 Basalt StBakersfieldCA93314
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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 8502 Basalt St, Bakersfield, CA, 93314 priced at $452,130 converts $5,039/mo rent into $2,242/mo cash flow after a $2,213/mo obligation. Total monthly income equals $5,039/mo, and annual cash flow totals $26,904/yr on $149,881 invested. Return on cash invested prints 37.86% in year one, and rental yield reads 13.37% against a $452,130 entry. Equity gained on principal adds $2,918/yr, while 5% annual appreciation compiles into $124,915 by year five. Five-year ROI reaches 199.08% and total cumulative return in cash sums $298,383. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,039/mo property income covering a $2,213/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,006 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jade B. Salters • Greg Balfanz, Broker
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202404581
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.