3835 Gardiner Ferry Rd SPACE 2CorningCA96021
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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 3835 Gardiner Ferry Rd SPACE 2, Corning, CA, 96021 earns $158/mo cash flow from $835/mo rent with a $536/mo payment. Total monthly income totals $835/mo, and annual cash flow totals $1,891/yr on $36,299 capital. ROI tracks 25.12% on current figures, and rental yield reads 9.15% at a $109,500 purchase. Equity gained on principal adds $707/yr, and 5% annual appreciation supports $30,253 over five years. Five-year ROI reaches 130.81% and total cumulative return in cash sums $47,483. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $835/mo property income instead of your personal income.
Manufactured
Built in 1980
20.47 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: Marilyn Cardenas • Jamison Properties
Mls Name: CRMLS
Mls ID: #SN25199671