7615 Plumas Dr, Corning, CA, 96021 | $765/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Corning at 7615 Plumas Dr, Corning, CA, 96021 with 5% annual appreciation on a $199,999 basis while $2,132/mo rent supports operations. Total monthly income totals $2,132/mo and a $979/mo payment preserves $765/mo for cash returns. Annual cash flow comes to $9,178/yr on $66,300 deployed, and return on cash invested reaches 33.75% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 12.79%. Five-year ROI measures 177.95% and total cumulative return in cash totals $117,980.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,132/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Manufactured

Built in 2002

2.63 Acres lot

$N/A/sqft

$65 monthly 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