8809 Old State RdWofford HeightsCA93285
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 Wofford Heights at 8809 Old State Rd, Wofford Heights, CA, 93285 offers a 9.26% rental yield on a $259,000 purchase with $1,998/mo rent. Total monthly income registers $1,998/mo, and a $1,268/mo payment leaves $395/mo available for distribution. Annual cash flow reaches $4,745/yr on $85,859 to close, and return on cash invested stands at 25.44% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 132.5% and total cumulative return in cash at $113,764. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,998/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93285, Wofford Heights, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,425 (100%) |
| Owner Occupied HU | 1,031 (42.5%) |
| Renter Occupied HU | 357 (14.7%) |
| Vacant Housing Units | 1,037 (42.8%) |
| Median Home Value | $351,288 |
| Average Home Value | $456,511 |
Housing Distribution
Address Breakdown
Residential
677
Single Family
677
Multi-Family
0
Businesses
75
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ken Austin • Keller Williams Tehachapi
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202410858
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.