585 North StCorningCA96021
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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 585 North St, Corning, CA, 96021 priced at $208,000 converts $1,679/mo rent into $392/mo cash flow after a $1,018/mo obligation. Total monthly income equals $1,679/mo, and annual cash flow totals $4,708/yr on $68,952 invested. Return on cash invested prints 26.74% in year one, and rental yield reads 9.69% against a $208,000 entry. Equity gained on principal adds $1,342/yr, while 5% annual appreciation compiles into $57,467 by year five. Five-year ROI reaches 139.52% and total cumulative return in cash sums $96,204. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,679/mo property income covering a $1,018/mo payment, not borrower’s personal income.
Townhouse
Built in 1991
871 sqft 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: Samuel Ayala • LPT Realty
Mls Name: CRMLS
Mls ID: #SN25268989