24681 Dale Rd, Corning, CA, 96021 | $867/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 24681 Dale Rd, Corning, CA, 96021 offers a 10.27% rental yield on a $366,000 purchase with $3,131/mo rent. Total monthly income registers $3,131/mo, and a $1,791/mo payment leaves $867/mo available for distribution. Annual cash flow reaches $10,407/yr on $121,329 to close, and return on cash invested stands at 28.49% in year one. Equity gained on principal adds $2,362/yr while 5% annual appreciation supports $101,119 over five years. Portfolio math shows five-year ROI at 148.86% and total cumulative return in cash at $180,609. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,131/mo property income against a $1,791/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1962

8.59 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