7247 Pinecone CtCorningCA96021
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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 7247 Pinecone Ct, Corning, CA, 96021 offers a 11.76% rental yield on a $169,000 purchase with $1,656/mo rent. Total monthly income registers $1,656/mo, and a $827/mo payment leaves $611/mo available for distribution. Annual cash flow reaches $7,328/yr on $56,024 to close, and return on cash invested stands at 32.99% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 173% and total cumulative return in cash at $96,919. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,656/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1986
1.58 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: Lidia Mekhail • Re/Max American Dream Realty
Mls Name: CRMLS
Mls ID: #SN25150144