2204 North 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
Investment property for sale in Corcoran at 2204 North Avenue, Corcoran, CA, 93212 offers a 8.5% rental yield on a $299,000 purchase with $2,118/mo rent. Total monthly income registers $2,118/mo, and a $1,463/mo payment leaves $269/mo available for distribution. Annual cash flow reaches $3,225/yr on $99,119 to close, and return on cash invested stands at 23.16% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 120.28% and total cumulative return in cash at $119,218. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,118/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
7,145 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: Luis Daniel Mota • Century 21 Jordan-Link & Co.
Mls Name: TCMLS
Mls Provider:
Mls ID: #232095
Disclaimer: Based on information from the Tulare County Association of REALTORS as of 2025-02-26 12:33:13 PST. 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.