9508 Ridge Oak DrBakersfieldCA93311
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 Bakersfield at 9508 Ridge Oak Dr, Bakersfield, CA, 93311 offers a 8.45% rental yield on a $484,000 purchase with $3,410/mo rent. Total monthly income registers $3,410/mo, and a $2,369/mo payment leaves $325/mo available for distribution. Annual cash flow reaches $3,896/yr on $160,446 to close, and return on cash invested stands at 22.34% in year one. Equity gained on principal adds $3,123/yr while 5% annual appreciation supports $133,720 over five years. Portfolio math shows five-year ROI at 116.11% and total cumulative return in cash at $186,288. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,410/mo property income against a $2,369/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93311, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,614 (100%) |
| Owner Occupied HU | 13,923 (71.0%) |
| Renter Occupied HU | 4,937 (25.2%) |
| Vacant Housing Units | 754 ( 3.8%) |
| Median Home Value | $450,345 |
| Average Home Value | $507,067 |
Housing Distribution
Address Breakdown
Residential
19,007
Single Family
17,627
Multi-Family
1,380
Businesses
627
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Nearby investment properties with comparable prices
Listed by: Gricelda Lopez • Clemmer and Company Real Estat
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202500123
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2024.