1036 Bainum AveCorcoranCA93212
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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 Corcoran at 1036 Bainum Ave, Corcoran, CA, 93212 priced at $289,000 pairs $2,144/mo rent with $356/mo cash flow after a $1,415/mo payment. Total monthly income equals $2,144/mo, and annual cash flow comes to $4,268/yr on $95,804 invested. Return on cash invested is 24.36% in year one, and rental yield stands at 8.9% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 126.74% and total cumulative return in cash reaches $121,418. For financing, Ziffy Mortgage’s DSCR program evaluates $2,144/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
7,113 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93212, Corcoran, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,618 (100%) |
| Owner Occupied HU | 2,304 (49.9%) |
| Renter Occupied HU | 2,075 (44.9%) |
| Vacant Housing Units | 239 ( 5.2%) |
| Median Home Value | $255,495 |
| Average Home Value | $290,313 |
Housing Distribution
Address Breakdown
Residential
4,416
Single Family
4,111
Multi-Family
305
Businesses
286
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Listed by: Robert J. Mustain • All Family Lending & RE
Mls Name: Kings County MLS
Mls ID: #233087