1128 Grouse DrReddingCA96003
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Redding at 1128 Grouse Dr, Redding, CA, 96003 priced at $329,900 converts $2,147/mo rent into $15/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,147/mo, and annual cash flow totals $185/yr on $109,362 invested. Return on cash invested prints 20.08% in year one, and rental yield reads 7.81% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 104.12% and total cumulative return in cash sums $113,871. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,147/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1993
6,969 sqft 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: Kristin L Minugh • Lifestyle Redding Real Estate
Mls Name: SMLS
Mls Provider:
Mls ID: #24-5236
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.