9704 Velma AveLamontCA93241
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 9704 Velma Ave, Lamont, CA, 93241 in Lamont fits: $749,800, 2.79% gross yield, and a projected 5% annual appreciation rate adding $207,156 in value within five years. Rental yield 2.79%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.52) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $6,906/yr in principal paydown and $207,156 in appreciation project a total return of $98,099.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.8% | 5.2% |
| Monthly Cash Flow | $(2,894) | $300 |
City averages based on Lamont market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,745 |
| Total Monthly Debt Service | $4,340 |
| DSCR Ratio | 0.40x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Multi Family
Built in 1951
6,098 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
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
Multi Family
Built in 1951
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bakersfield AOR
Mls ID: #202605554