1833 Preston WayCorcoranCA93212
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1833 Preston Way, Corcoran, CA, 93212 priced at $220,000 converts $1,656/mo rent into $35/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,656/mo, and annual cash flow totals $416/yr on $72,930 invested. Return on cash invested prints 20.48% in year one, and rental yield reads 9.03% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 107.46% and total cumulative return in cash sums $78,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,656/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Condo
Built in 1981
1,428 sqft lot
$N/A/sqft
$260 monthly 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: Mike Walls • Help-U-Sell RE Platinum Prop.
Mls Name: Kings County MLS
Mls Provider:
Mls ID: #231789
Disclaimer: Based on information from the Kings County Board of REALTORS, (alternatively, from the Kings County MLS) as of 2025-06-09 21:01:16 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.