8911 Miranda Garden StBakersfieldCA93311
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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
Rental property for sale in Bakersfield at 8911 Miranda Garden St, Bakersfield, CA, 93311 priced at $470,000 converts $3,144/mo rent into $237/mo cash flow after a $2,300/mo obligation. Total monthly income equals $3,144/mo, and annual cash flow totals $2,843/yr on $155,805 invested. Return on cash invested prints 21.73% in year one, and rental yield reads 8.03% against a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation compiles into $129,852 by year five. Five-year ROI reaches 112.62% and total cumulative return in cash sums $175,461. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,144/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,098 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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