1259-1261 Magnolia AveReddingCA96001
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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 1259-1261 Magnolia Ave, Redding, CA, 96001 uses $137,573 cash to close to unlock $3,755/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $2,031/mo payment keeps the spread at $313/mo. Purchase price stands at $415,000, and rental yield measures 8.33% with $2,880/mo rent. Return on cash invested shows 22.64% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 117.47% and total cumulative return in cash records $161,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1937
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96001, Redding, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,105 (100%) |
| Owner Occupied HU | 8,550 (56.6%) |
| Renter Occupied HU | 5,530 (36.6%) |
| Vacant Housing Units | 1,025 ( 6.8%) |
| Median Home Value | $413,774 |
| Average Home Value | $471,891 |
Housing Distribution
Address Breakdown
Residential
14,656
Single Family
13,803
Multi-Family
853
Businesses
1,624
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Listed by: Bryan Chamberlin • Jungle Realty Group
Mls Name: SMLS
Mls ID: #25-4352