16164 Nugget RdCorningCA96021
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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 16164 Nugget Rd, Corning, CA, 96021 listed at $221,500 pairs $1,497/mo rent with a $1,084/mo payment to leave $23/mo cash flow. Total monthly income runs $1,497/mo, and annual cash flow reaches $273/yr on $73,427 cash to close. Return on cash invested measures 20.28% in year one, and rental yield registers 8.11% at a $221,500 basis. Equity gained on principal adds $1,429/yr, and annual property appreciation at 5% supports $61,196 by year five. Five-year ROI tracks 105.46% and total cumulative return in cash totals $77,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,497/mo property income relative to a $1,084/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
5.31 Acres lot
$N/A/sqft
$70 monthly 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: Jade Linhthasack • BHGRE Integrity Real Estate
Mls Name: MetroList Services of CA
Mls ID: #225096761