233 Rio Verde CtCorningCA96021
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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 Corning at 233 Rio Verde Ct, Corning, CA, 96021 with 5% annual appreciation on a $175,000 basis while $1,324/mo rent supports operations. Total monthly income totals $1,324/mo and a $857/mo payment preserves $241/mo for cash returns. Annual cash flow comes to $2,891/yr on $58,013 deployed, and return on cash invested reaches 24.89% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 9.08%. Five-year ROI measures 129.54% and total cumulative return in cash totals $75,151.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,324/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
6,969 sqft 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 |
Housing Distribution
Address Breakdown
Residential
5,407
Single Family
4,882
Multi-Family
525
Businesses
402
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Listed by: Ronald D Manning • Moller Realty Group
Mls Name: Tehama County AOR
Mls ID: #20250880