1408 Yolo 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 1408 Yolo St, Corning, CA, 96021 with 5% annual appreciation on a $379,000 basis while $3,191/mo rent supports operations. Total monthly income totals $3,191/mo and a $1,855/mo payment preserves $846/mo for cash returns. Annual cash flow comes to $10,157/yr on $125,639 deployed, and return on cash invested reaches 27.99% in year one. Equity gained on principal adds $2,446/yr, and five-year appreciation sums $104,711 alongside rental yield of 10.1%. Five-year ROI measures 146.21% and total cumulative return in cash totals $183,695.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,191/mo property income versus a $1,855/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 2005
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 Schromm • Preferred Agents R.E.-Corning
Mls Name: Tehama County AOR
Mls Provider:
Mls ID: #20240478
Disclaimer: Copyright Tehama County Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.