ZIP CODE 93306 // BAKERSFIELD, CA // DATA AS OF 2026-09-30
Bakersfield, CA (93306) Rental Property Cap Rate & Cash Flow Report
Located in Kern County (Bakersfield, CA), Zip Code 93306 ranks #163 of 500 within this selected sample (68th percentile) with a Zillow ZHVI typical home-value index of $346,380 (0.0% YoY) and a ZORI observed market rent of $1,664/mo (+3.0% YoY). Requires at least 49.8% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$653/mo
Annual: -$7,837/yr
Modeled Cap Rate
3.81%
NOI: $13,181/yr
Cash-on-Cash Return
-9.84%
Cash Needed: $79,667
1% Rule Ratio
0.48%
Gross Yield: 5.76%
Break-Even Rent
$2,415/mo
State Tax: 0.71%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 93306 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (CA Avg 0.71%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,751/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$566/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (93306)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2022 | $320,742 | $1,470/mo | 5.50% |
| 2023 | $324,289 | $1,483/mo | 5.49% |
| 2024 | $343,841 | $1,550/mo | 5.41% |
| 2025 | $346,342 | $1,615/mo | 5.60% |
| 2026 | $346,380 | $1,664/mo | 5.76% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 93309 Bakersfield, CA | $343,293 | $1,677/mo | 3.89% | -$623/mo |
| 92201 Indio, CA | $463,201 | $2,271/mo | 3.91% | -$834/mo |
| 95823 Sacramento, CA | $421,389 | $2,069/mo | 3.92% | -$756/mo |
| 93291 Visalia, CA | $426,473 | $1,983/mo | 3.64% | -$861/mo |
| 92345 Hesperia, CA | $447,288 | $2,075/mo | 3.63% | -$907/mo |
| 92336 Fontana, CA | $695,692 | $3,466/mo | 3.99% | -$1,204/mo |