628 Norboe AveCorcoranCA93212
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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 Corcoran at 628 Norboe Ave, Corcoran, CA, 93212 with 5% annual appreciation on a $320,000 basis while $1,780/mo rent supports operations. 65% in year one. Equity gained on principal adds $2,065/yr, and five-year appreciation sums $88,410 alongside rental yield of 6.68%. Five-year ROI measures 90.76% and total cumulative return in cash totals $96,279. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,780/mo property income versus a $1,566/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
7,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93212, Corcoran, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,618 (100%) |
| Owner Occupied HU | 2,304 (49.9%) |
| Renter Occupied HU | 2,075 (44.9%) |
| Vacant Housing Units | 239 ( 5.2%) |
| Median Home Value | $255,495 |
| Average Home Value | $290,313 |
Housing Distribution
Address Breakdown
Residential
4,416
Single Family
4,111
Multi-Family
305
Businesses
286
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Listed by: Barbara Williams-Cox • Realty Concepts, Ltd. - Fresno
Mls Name: Fresno MLS
Mls ID: #640976