1712 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 1712 Letts Ave, Corcoran, CA, 93212 offers $2,342/mo rent that, after a $1,434/mo payment, leaves $530/mo cash flow. Total monthly income is $2,342/mo, and annual cash flow is $6,356/yr on $97,096 cash. Return on cash invested measures 26.46% in year one, and rental yield stands at 9.6% at a $292,900 entry. Equity gained on principal adds $1,890/yr while 5% annual appreciation compounds into $80,923 by year five. Five-year ROI records 137.95% and total cumulative return in cash reaches $133,947. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,342/mo property income versus a $1,434/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
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: Lisa Marie Oliveira • Top Line
Mls Name: Kings County MLS
Mls Provider:
Mls ID: #231711
Disclaimer: Based on information from the Kings County Board of REALTORS, (alternatively, from the Kings County MLS) as of 2025-03-19 18:26:09 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.