516 Water St, Bakersfield, CA 93305

1 bd · 1 ba · 640 sqft · built 1942 · Bakersfield · SINGLE_FAMILY·source listing ↗

$119,900

rent, three ways

OnePercent model (vv1)$1,467/mo

point estimate — add comps for a band

HUD Fair Market Rent · 93305 · 1BR$1,040/mo

Area comps median (last 90d)—

Area comps median (last 90d)

\u2014

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Kern

Flood risk indexVery High FEMA NRI

Median household income$43,244

Median area rent$1,137/mo

Median home value$251,200

the verdict

1.22%vs 1.0% target

wide confidence band

financing: 20% down · — (FRED, live) · 30yr

$119,900

1.22% · rent $1,467

Intrinsic value · income approach

$244,945

51% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.