515 Lancaster Ln APT 236Bay PointCA94565
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Bay Point at 515 Lancaster Ln APT 236, Bay Point, CA, 94565 uses $76,212 cash to close to unlock $3,480/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $2,278/mo, and a $1,125/mo payment keeps the spread at $290/mo. Purchase price stands at $229,900, and rental yield measures 11.89% with $2,278/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 130.62% and total cumulative return in cash records $99,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,278/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Condo
Built in 1989
740.52 sqft lot
$N/A/sqft
$566 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94565, Pittsburg, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,781 (100%) |
| Owner Occupied HU | 17,563 (55.3%) |
| Renter Occupied HU | 13,096 (41.2%) |
| Vacant Housing Units | 1,122 ( 3.5%) |
| Median Home Value | $597,549 |
| Average Home Value | $644,907 |
Housing Distribution
Address Breakdown
Residential
31,108
Single Family
27,251
Multi-Family
3,857
Businesses
1,353
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Listed by: Kevin Methvin • Prosper Real Estate
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41080892
Disclaimer: Bay East 2025. CCAR 2025. bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2025-01-08 12:50:17 PST.