6064 Alameda RdCorningCA96021
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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 6064 Alameda Rd, Corning, CA, 96021 earns $256/mo cash flow from $2,044/mo rent with a $1,415/mo payment. Total monthly income totals $2,044/mo, and annual cash flow totals $3,068/yr on $95,804 capital. ROI tracks 23.11% on current figures, and rental yield reads 8.49% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 120.04% and total cumulative return in cash sums $114,998. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,044/mo property income instead of your personal income.
Single Family
Built in 1947
0.32 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: Ed Devers • Preferred Agents R.E.-Corning
Mls Name: Tehama County AOR
Mls ID: #20250751