930 Olive Dr APT 48BakersfieldCA93308
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 930 Olive Dr APT 48, Bakersfield, CA, 93308 generates $2,177/mo in rent and, after a $959/mo payment, leaves $601/mo in cash flow. Total monthly income is $2,177/mo, and annual cash flow is $7,211/yr on $64,941 invested. Return on cash invested sits at 31.01% in year one, and rental yield is 13.34% on a $195,900 entry. Equity gained on principal adds $1,264/yr, while 5% annual appreciation builds toward $54,124 over five years. Five-year ROI reaches 164.82% and total cumulative return in cash sums $107,033. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,177/mo property income rather than buyer’s personal income.
Condo
Built in 1977
1,741 sqft lot
$N/A/sqft
$320 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93308, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,142 (100%) |
| Owner Occupied HU | 10,016 (47.4%) |
| Renter Occupied HU | 10,052 (47.5%) |
| Vacant Housing Units | 1,074 ( 5.1%) |
| Median Home Value | $334,697 |
| Average Home Value | $364,464 |
Housing Distribution
Address Breakdown
Residential
20,748
Single Family
19,550
Multi-Family
1,198
Businesses
2,160
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Listed by: Stacy K. Rigney • Jeff Jackson & Associates
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202409091
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.