21231 Corwin StCalifornia CityCA93505
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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 California City at 21231 Corwin St, California City, CA, 93505 listed at $279,000 pairs $2,123/mo rent with a $1,366/mo payment to leave $397/mo cash flow. Total monthly income runs $2,123/mo, and annual cash flow reaches $4,759/yr on $92,489 cash to close. Return on cash invested measures 25.05% in year one, and rental yield registers 9.13% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 130.44% and total cumulative return in cash totals $120,643. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,123/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93505, California City, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,199 (100%) |
| Owner Occupied HU | 2,657 (51.1%) |
| Renter Occupied HU | 1,968 (37.9%) |
| Vacant Housing Units | 574 (11.0%) |
| Median Home Value | $288,941 |
| Average Home Value | $311,568 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,822
Multi-Family
140
Businesses
182
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Listed by: Shane A. Proctor • Wayside, Realtors
Mls Name: Bakersfield AOR
Mls ID: #202600274