Coronado Plan, Morningstar RanchBakersfieldCA93306
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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 Coronado Plan, Morningstar Ranch, Bakersfield, CA, 93306 priced at $432,900 converts $2,942/mo rent into $264/mo cash flow after a $2,119/mo obligation. Total monthly income equals $2,942/mo, and annual cash flow totals $3,166/yr on $143,506 invested. Return on cash invested prints 22.12% in year one, and rental yield reads 8.16% against a $432,900 entry. Equity gained on principal adds $2,793/yr, while 5% annual appreciation compiles into $119,602 by year five. Five-year ROI reaches 114.67% and total cumulative return in cash sums $164,557. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,942/mo property income covering a $2,119/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93306, Bakersfield, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,867 (100%) |
| Owner Occupied HU | 15,342 (61.7%) |
| Renter Occupied HU | 8,578 (34.5%) |
| Vacant Housing Units | 947 ( 3.8%) |
| Median Home Value | $344,569 |
| Average Home Value | $371,081 |
Housing Distribution
Address Breakdown
Residential
24,156
Single Family
23,191
Multi-Family
965
Businesses
582
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Listed by: N/A • LGI Homes
Mls Name: LGI Homes
Mls Provider:
Mls ID: #N/A