15747 S Mendocino DrCorningCA96021
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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 15747 S Mendocino Dr, Corning, CA, 96021 uses $95,804 cash to close to unlock $3,512/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $2,081/mo, and a $1,415/mo payment keeps the spread at $293/mo. Purchase price stands at $289,000, and rental yield measures 8.64% with $2,081/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 122.5% and total cumulative return in cash records $117,362. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,081/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
2.35 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: Suzanne Peters • EXP Realty of Northern California, Inc.
Mls Name: CRMLS
Mls ID: #SN25237310