2020 Philip AvenueCorcoranCA93212
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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 2020 Philip Avenue, Corcoran, CA, 93212 generates $2,094/mo in rent and, after a $1,052/mo payment, leaves $764/mo in cash flow. Total monthly income is $2,094/mo, and annual cash flow is $9,171/yr on $71,273 invested. Return on cash invested sits at 32.78% in year one, and rental yield is 11.69% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 171.89% and total cumulative return in cash sums $122,509. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,094/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.25 Acres 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: Gus Macedo • Realty One Group Action
Mls Name: TCMLS
Mls ID: #237221