11208 Bright Water
About This Property
The backyard is designed for enjoyment with a private swimming pool, perfect for warm Bakersfield days and outdoor gatherings. Adding to the value is a fully owned solar system, helping reduce energy costs. Just minutes from River Walk Park, The Marketplace, River Walk Shopping, Seven Oaks Country Club, clubhouse and Ronald Reagan Elementary School, this home delivers an exceptional combination of layout, outdoor living, energy efficiency, and location. A rare opportunity in Seven Oaks Bakersfield.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 15, 2026 | Sold | ||
| Sold | |||
| Mar 18, 2026 | In contract | - | |
| In contract | |||
| Feb 24, 2026 | Price Decreased |
$659,999
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Jan 21, 2026 | Listed by Berkshire Hathaway HomeServices Associated Real Estate | $669,999 | |
| Listed by Berkshire Hathaway HomeServices Associated Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017