1509 Letts 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
Investment property for sale in Corcoran at 1509 Letts Ave, Corcoran, CA, 93212 uses $62,322 cash to close to unlock $5,474/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $1,619/mo, and a $920/mo payment keeps the spread at $456/mo. Purchase price stands at $188,000, and rental yield measures 10.33% with $1,619/mo rent. Return on cash invested shows 28.69% in year one, and 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 150.01% and total cumulative return in cash records $93,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,619/mo property income covering a $920/mo payment rather than investor’s personal income.
Single Family
Built in 1938
7,501 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: Jared Coles • Century 21 Jordan-Link & Comp.
Mls Name: Kings County MLS
Mls ID: #232525