24285 River RdCorningCA96021
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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
Total monthly income runs $2,374/mo, and a $2,692/mo payment. Purchase price stands at $550,000, and rental yield measures 5.18% with $2,374/mo rent. Return on cash invested shows 13.24% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 67.04% and total cumulative return in cash records $121,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,374/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1987
10 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 |
Housing Distribution
Address Breakdown
Residential
5,407
Single Family
4,882
Multi-Family
525
Businesses
402
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Listed by: Robert Thayer • RE/MAX AMERICAN DREAM
Mls Name: Tehama County AOR
Mls ID: #20250310
Disclaimer: Copyright Tehama County Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.