9202 Rhinestone StBakersfieldCA93313
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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 9202 Rhinestone St, Bakersfield, CA, 93313 uses $203,651 cash to close to unlock $14,241/yr annual cash flow and $1,187/mo monthly cash flow. Total monthly income runs $5,185/mo, and a $3,030/mo payment keeps the spread at $1,187/mo. Purchase price stands at $619,000, and rental yield measures 10.05% with $5,185/mo rent. Return on cash invested shows 27.05% in year one, and 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 141.47% and total cumulative return in cash records $288,109. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,185/mo property income covering a $3,030/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93313, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,359 (100%) |
| Owner Occupied HU | 13,687 (74.6%) |
| Renter Occupied HU | 4,045 (22.0%) |
| Vacant Housing Units | 627 ( 3.4%) |
| Median Home Value | $372,156 |
| Average Home Value | $428,084 |
Housing Distribution
Address Breakdown
Residential
17,601
Single Family
17,280
Multi-Family
321
Businesses
905
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Listed by: Charles J. Peyton • RESCO
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202408565
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.