1214 Marin StCorningCA96021
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
Investment Highlights
Investment property for sale in Corning at 1214 Marin St, Corning, CA, 96021 listed at $318,000 pairs $2,515/mo rent with a $1,556/mo payment to leave $548/mo cash flow. Total monthly income runs $2,515/mo, and annual cash flow reaches $6,579/yr on $105,417 cash to close. Return on cash invested measures 26.15% in year one, and rental yield registers 9.49% at a $318,000 basis. Equity gained on principal adds $2,052/yr, and annual property appreciation at 5% supports $87,858 by year five. Five-year ROI tracks 136.33% and total cumulative return in cash totals $143,711. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,515/mo property income relative to a $1,556/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1912
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96021, Corning, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,819 (100%) |
| Owner Occupied HU | 3,955 (58.0%) |
| Renter Occupied HU | 2,387 (35.0%) |
| Vacant Housing Units | 477 ( 7.0%) |
| Median Home Value | $362,594 |
| Average Home Value | $418,668 |
Housing Distribution
Address Breakdown
Residential
5,407
Single Family
4,882
Multi-Family
525
Businesses
402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim M Schromm • Preferred Agents R.E.-Corning
Mls Name: Tehama County AOR
Mls ID: #20250801