8511 Seth Alexander WayBakersfieldCA93306
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
Rental property for sale in Bakersfield at 8511 Seth Alexander Way, Bakersfield, CA, 93306 offers $4,999/mo rent that, after a $2,290/mo payment, leaves $2,105/mo cash flow. Total monthly income is $4,999/mo, and annual cash flow is $25,256/yr on $155,109 cash. Return on cash invested measures 36.19% in year one, and rental yield stands at 12.82% at a $467,900 entry. Equity gained on principal adds $3,019/yr while 5% annual appreciation compounds into $129,272 by year five. Five-year ROI records 190.15% and total cumulative return in cash reaches $294,934. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,999/mo property income versus a $2,290/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,000 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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Nearby investment properties with comparable prices
Listed by: Jeanine M. Roach • LGI Realty - California, Inc.
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202406635
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.