ZIP CODE 93309 // BAKERSFIELD, CA // DATA AS OF 2026-09-30
Bakersfield, CA (93309) Rental Property Cap Rate & Cash Flow Report
Located in Kern County (Bakersfield, CA), Zip Code 93309 ranks #153 of 500 within this selected sample (70th percentile) with a Zillow ZHVI typical home-value index of $343,293 (-0.1% YoY) and a ZORI observed market rent of $1,677/mo (+3.9% YoY). Requires at least 48.7% 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
-$623/mo
Annual: -$7,476/yr
Modeled Cap Rate
3.89%
NOI: $13,355/yr
Cash-on-Cash Return
-9.47%
Cash Needed: $78,957
1% Rule Ratio
0.49%
Gross Yield: 5.86%
Break-Even Rent
$2,393/mo
State Tax: 0.71%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 93309 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (CA Avg 0.71%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,736/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$564/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (93309)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $275,731 | $1,269/mo | 5.52% |
| 2022 | $317,954 | $1,457/mo | 5.50% |
| 2023 | $324,080 | $1,511/mo | 5.59% |
| 2024 | $341,302 | $1,543/mo | 5.43% |
| 2025 | $343,784 | $1,615/mo | 5.64% |
| 2026 | $343,293 | $1,677/mo | 5.86% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 92201 Indio, CA | $463,201 | $2,271/mo | 3.91% | -$834/mo |
| 95823 Sacramento, CA | $421,389 | $2,069/mo | 3.92% | -$756/mo |
| 93306 Bakersfield, CA | $346,380 | $1,664/mo | 3.81% | -$653/mo |
| 92336 Fontana, CA | $695,692 | $3,466/mo | 3.99% | -$1,204/mo |
| 92584 Menifee, CA | $625,741 | $3,135/mo | 4.02% | -$1,068/mo |
| 93274 Tulare, CA | $357,011 | $1,792/mo | 4.03% | -$606/mo |