330 Houghton AveCorningCA96021
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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
Rental property for sale in Corning at 330 Houghton Ave, Corning, CA, 96021 offers $2,239/mo rent that, after a $1,689/mo payment, leaves $104/mo cash flow. Total monthly income is $2,239/mo, and annual cash flow is $1,252/yr on $114,368 cash. Return on cash invested measures 21% in year one, and rental yield stands at 7.79% at a $345,000 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,317 by year five. Five-year ROI records 108.72% and total cumulative return in cash reaches $124,336. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,239/mo property income versus a $1,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.45 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: Sherry Payne • NextHome North Valley Realty
Mls Name: CRMLS
Mls ID: #SN25218350