9900 Myrtle 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
Investment property for sale in Lamont at 9900 Myrtle Ave, Lamont, CA, 93241 uses $150,070 cash to close to unlock $359/yr annual cash flow and $30/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $2,216/mo payment keeps the spread at $30/mo. Purchase price stands at $452,700, and rental yield measures 7.95% with $3,000/mo rent. Return on cash invested shows 20.15% in year one, and 5% annual appreciation builds toward $125,073 over five years. Five-year ROI reaches 104.61% and total cumulative return in cash records $156,985. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $2,216/mo payment rather than investor’s personal income.
Single Family
Built in 1951
6,360 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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Nearby investment properties with comparable prices
Listed by: Susan C. Blanza • Watson Realty
Mls Name: Bakersfield AOR
Mls Provider:
Mls ID: #202500284
Disclaimer: Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.