5193 Luning 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
Total monthly income runs $2,852/mo, and a $3,916/mo payment. Purchase price stands at $800,000, and rental yield measures 4.28% with $2,852/mo rent. Return on cash invested shows 10.5% in year one, and 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 52.34% and total cumulative return in cash records $137,756. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,852/mo property income covering a $3,916/mo payment rather than investor’s personal income.
Single Family
Built in 1965
49.55 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: April Jones • HIVE Real Estate Group, Inc
Mls Name: Tehama County AOR
Mls ID: #20250745