3835 Gardiner Ferry Rd #63CorningCA96021
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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 3835 Gardiner Ferry Rd #63, Corning, CA, 96021 generates $2,011/mo in rent and, after a $601/mo payment, leaves $1,252/mo in cash flow. Total monthly income is $2,011/mo, and annual cash flow is $15,018/yr on $40,675 invested. Return on cash invested sits at 56.83% in year one, and rental yield is 19.67% on a $122,700 entry. Equity gained on principal adds $792/yr, while 5% annual appreciation builds toward $33,900 over five years. Five-year ROI reaches 300.9% and total cumulative return in cash sums $122,391. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,011/mo property income rather than buyer’s personal income.
Manufactured
Built in 2005
N/A 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: N/A • N/A
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