1813 Josephine 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 1813 Josephine Ave, Corcoran, CA, 93212 uses $86,157 cash to close to unlock $8,499/yr annual cash flow and $708/mo monthly cash flow. Total monthly income runs $2,316/mo, and a $1,272/mo payment keeps the spread at $708/mo. Purchase price stands at $259,900, and rental yield measures 10.69% with $2,316/mo rent. Return on cash invested shows 29.77% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 155.78% and total cumulative return in cash records $134,218. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,316/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 2000
4,107 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: Miguel A. Vega • Century 21 Jordan-Link & Comp
Mls Name: Kings County MLS
Mls ID: #233520