120 Masonic Ave, Redding, CA, 96003 | 3.03% Rental Yield

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120 Masonic Ave, Redding, CA, 96003 | 3.03% Rental Yield | Ziffy

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Ziffy Mortgage

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 Redding at 120 Masonic Ave, Redding, CA, 96003 offers a 3.03% rental yield on a $711,000 purchase with $1,794/mo rent. 7% in year one. Equity gained on principal adds $4,588/yr while 5% annual appreciation supports $196,436 over five years. Portfolio math shows five-year ROI at 31.98% and total cumulative return in cash at $74,797. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,794/mo property income against a $3,480/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1977

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% cap rate. And with Bethel School/Church just 1.8 miles to the east and a new sidewalk & bike path under construction, the property is literally within walking distance to Bethel, Simpson University, and Shasta College, providing a constant supply of quality tenants and high apartment demand. Property includes laundry room with laundry income. Unit 5 interior has been fully remodeled and unit 3 is a 2-story 3 bedroom/2.5 bath apartment with indoor laundry. Highlights - 100% occupied 5-plex (with one 3 bedroom/2.5 bath unit) - Below market rents - All HVAC has been replaced throughout with mini-split systems - Unit 5 is fully remodeled - Includes income from onsite laundry - Low maintenance with new roof, new paint, new HVAC, and little landscaping

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