23170 Richfield Rd, Corning, CA, 96021 | $188/mo Cash Flow

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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 23170 Richfield Rd, Corning, CA, 96021 uses $91,163 cash to close to unlock $2,253/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,889/mo, and a $1,346/mo payment keeps the spread at $188/mo. Purchase price stands at $275,000, and rental yield measures 8.24% with $1,889/mo rent. Return on cash invested shows 22.38% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 116.1% and total cumulative return in cash records $105,839. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,889/mo property income covering a $1,346/mo payment rather than investor’s personal income.

Single Family

Built in 1922

1 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