11037 Erickson Way SPACE 15ReddingCA96003
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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 SPACE 15, Redding, CA, 96003 offers a 9.32% rental yield on a $115,000 purchase with $893/mo rent. Total monthly income registers $893/mo, and a $563/mo payment leaves $165/mo available for distribution. Annual cash flow reaches $1,976/yr on $38,123 to close, and return on cash invested stands at 25.09% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 130.88% and total cumulative return in cash at $49,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $893/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
N/A lot
$N/A/sqft
No 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: Jenn M Sloan • Real Brokerage Technologies
Mls Name: SMLS
Mls Provider:
Mls ID: #24-4476
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.