5495 Ashton WayCorningCA96021
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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 5495 Ashton Way, Corning, CA, 96021 priced at $619,999 pairs $3,277/mo rent with after a $3,035/mo payment. Total monthly income equals $3,277/mo. Return on cash invested is 16.74% in year one, and rental yield stands at 6.34% on a $619,999 basis. Equity gained on principal adds $4,001/yr, and 5% annual appreciation accumulates to $171,294 by year five. Five-year ROI measures 85.82% and total cumulative return in cash reaches $175,059. For financing, Ziffy Mortgage’s DSCR program evaluates $3,277/mo property income against a $3,035/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
17.84 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: Savannah Carlson • Re/Max Top Properties
Mls Name: Tehama County AOR
Mls Provider:
Mls ID: #20240373
Disclaimer: Copyright Tehama County Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.