631 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
Investment property for sale in Corning at 631 North St, Corning, CA, 96021 uses $71,273 cash to close to unlock $3,963/yr annual cash flow and $330/mo monthly cash flow. Total monthly income runs $1,660/mo, and a $1,052/mo payment keeps the spread at $330/mo. Purchase price stands at $215,000, and rental yield measures 9.27% with $1,660/mo rent. Return on cash invested shows 25.47% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 132.69% and total cumulative return in cash records $94,573. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,660/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Townhouse
Built in 1992
1,742 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: #SN25242154