7601 Letty AveLamontCA93241
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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
Rental property for sale in Lamont at 7601 Letty Ave, Lamont, CA, 93241 generates $2,244/mo in rent, after a $1,884/mo payment. Total monthly income is $2,244/mo. Return on cash invested sits at 18.62% in year one, and rental yield is 7% on a $384,950 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,355 over five years. Five-year ROI reaches 95.92% and total cumulative return in cash sums $122,407. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,244/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93241, Lamont, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,221 (100%) |
| Owner Occupied HU | 1,609 (38.1%) |
| Renter Occupied HU | 2,326 (55.1%) |
| Vacant Housing Units | 286 ( 6.8%) |
| Median Home Value | $230,801 |
| Average Home Value | $252,570 |
Housing Distribution
Address Breakdown
Residential
3,763
Single Family
3,664
Multi-Family
99
Businesses
226
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Listed by: Fernando Contreras • Sierra Central Real Estate
Mls Name: Bakersfield AOR
Mls ID: #202600372