325 Oak Fair
Bakersfield, CA, 93309
$300,000
MLS: SR26069170
Beds
2
Baths
2
Sq Ft
1,048
Lot
0.15 ac
Year Built
1962
MLS #
SR26069170
Days on Market
22
Listed
Mar 31, 2026
Description
Strong cash-flowing investment opportunity with long-term stability! This 2-bedroom, 2-bath single-family home is tenant-occupied. Located in a desirable 55+ HOA community near Cherry Hills Dr, this property offers consistent demand and a low-maintenance investment profile. Ideal for investors seeking immediate income with reliable tenants already in place.
Location
Bakersfield, Kern County, CA 93309
Open on Google Maps ↗Listed by: Arcelia Torres · Coldwell Banker Hartwig
Payment estimate
$2,384
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $30,000 · Loan: $270,000
- Principal & Interest
- $1,659
- Property tax (1.25%)
- $313
- Homeowners insurance
- $300
- Mortgage insurance
- $113
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Bakersfield home with as little as 3.5% down using an FHA loan — roughly $10,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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