1414 Marin 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
Rental property for sale in Corning at 1414 Marin St, Corning, CA, 96021 priced at $340,000 pairs $2,248/mo rent with $145/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,248/mo, and annual cash flow comes to $1,738/yr on $112,710 invested. Return on cash invested is 21.45% in year one, and rental yield stands at 7.93% on a $340,000 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,936 by year five. Five-year ROI measures 111.1% and total cumulative return in cash reaches $125,226. For financing, Ziffy Mortgage’s DSCR program evaluates $2,248/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1908
0.45 Acres 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: Justin Jewett • Century 21 Select Real Estate, Inc.
Mls Name: CRMLS
Mls ID: #SN25098581