918 Monterey StBakersfieldCA93305
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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 918 Monterey St, Bakersfield, CA, 93305 with 5% annual appreciation on a $225,000 basis while $2,008/mo rent supports operations. Total monthly income totals $2,008/mo and a $1,101/mo payment preserves $570/mo for cash returns. Annual cash flow comes to $6,834/yr on $74,588 deployed, and return on cash invested reaches 29.07% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 10.71%. Five-year ROI measures 152.26% and total cumulative return in cash totals $113,565.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,008/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1905
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93305, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,083 (100%) |
| Owner Occupied HU | 4,330 (35.8%) |
| Renter Occupied HU | 7,204 (59.6%) |
| Vacant Housing Units | 549 ( 4.5%) |
| Median Home Value | $280,402 |
| Average Home Value | $352,555 |
Housing Distribution
Address Breakdown
Residential
11,593
Single Family
10,310
Multi-Family
1,283
Businesses
893
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Nearby investment properties with comparable prices
Listed by: Adriana Alvarez • Century 21 Jordan-Link & Co
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202405275
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.