La Jolla 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 La Jolla Plan, Morningstar Ranch, Bakersfield, CA, 93306 offers $1,890/mo rent that, after a $2,466/mo payment. Total monthly income is $1,890/mo. Return on cash invested measures 11.18% in year one, and rental yield stands at 4.5% at a $503,900 entry. Equity gained on principal adds $3,252/yr while 5% annual appreciation compounds into $139,218 by year five. Five-year ROI records 56.02% and total cumulative return in cash reaches $92,864. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,890/mo property income versus a $2,466/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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