8 Lancaster Cir APT 224Bay PointCA94565
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 8 Lancaster Cir APT 224, Bay Point, CA, 94565 in Bay Point at $299,000 earns $2,611/mo in rent and nets $122/mo after the $1,344/mo payment, a 10.48% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $82,608 over five years. Ziffy Mortgage underwrites this on a 1.94 DSCR without U.S. credit history. With $2,754/yr in principal paydown, total projected return reaches $162,396.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.0% |
| Monthly Cash Flow | $122 | $1,200 |
City averages based on Bay Point market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,611 |
| Total Monthly Debt Service | $1,731 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1989
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1989
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLSListings Inc
Mls ID: #ML82038999