1611 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
Rental property for sale in Corcoran at 1611 Letts Ave, Corcoran, CA, 93212 generates $1,484/mo in rent, after a $1,199/mo payment. Total monthly income is $1,484/mo. Return on cash invested sits at 19.44% in year one, and rental yield is 7.27% on a $244,999 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 100.37% and total cumulative return in cash sums $81,516. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,484/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
7,500 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: Alexis Ubeda • Resolution Brokers
Mls Name: CRMLS
Mls ID: #DW25278384