1216 South StCorningCA96021
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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 Corning at 1216 South St, Corning, CA, 96021 uses $35,802 cash to close to unlock $2,130/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $846/mo, and a $529/mo payment keeps the spread at $178/mo. Purchase price stands at $108,000, and rental yield measures 9.4% with $846/mo rent. Return on cash invested shows 25.86% in year one, and 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 134.83% and total cumulative return in cash records $48,272. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $846/mo property income covering a $529/mo payment rather than investor’s personal income.
Single Family
Built in 1956
6,969 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
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Listed by: Colette Cutter • Better Choice Real Estate
Mls Name: CRMLS
Mls ID: #SN25256878