21889 Simpson Rd, Corning, CA, 96021 | $979/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Corning at 21889 Simpson Rd, Corning, CA, 96021 uses $92,820 cash to close to unlock $11,752/yr annual cash flow and $979/mo monthly cash flow. Total monthly income runs $2,711/mo, and a $1,370/mo payment keeps the spread at $979/mo. Purchase price stands at $280,000, and rental yield measures 11.62% with $2,711/mo rent. Return on cash invested shows 32.57% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 170.77% and total cumulative return in cash records $158,505. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,711/mo property income covering a $1,370/mo payment rather than investor’s personal income.

Manufactured

Built in 1984

9.90 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 96021, Corning, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,819 (100%)
Owner Occupied HU	3,955 (58.0%)
Renter Occupied HU	2,387 (35.0%)
Vacant Housing Units	477 ( 7.0%)
Median Home Value	$362,594
Average Home Value	$418,668