11037 Erickson Way #10ReddingCA96003
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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 Redding at 11037 Erickson Way #10, Redding, CA, 96003 earns $372/mo cash flow from $1,771/mo rent with a $636/mo payment. Total monthly income totals $1,771/mo, and annual cash flow totals $4,465/yr on $43,092 capital. ROI tracks 30.27% on current figures, and rental yield reads 16.35% at a $129,990 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,914 over five years. Five-year ROI reaches 164.52% and total cumulative return in cash sums $70,896. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,771/mo property income instead of your personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
$595 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96003, Redding, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,294 (100%) |
| Owner Occupied HU | 11,457 (56.5%) |
| Renter Occupied HU | 7,256 (35.8%) |
| Vacant Housing Units | 1,581 ( 7.8%) |
| Median Home Value | $394,556 |
| Average Home Value | $416,886 |
Housing Distribution
Address Breakdown
Residential
19,353
Single Family
18,298
Multi-Family
1,055
Businesses
957
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Listed by: John McDougall • Reliant Realty
Mls Name: MetroList Services of CA
Mls Provider:
Mls ID: #223108850
Disclaimer: Copyright MetroList Services, Inc. All rights reserved. Information is deemed reliable but not guaranteed.