1265 Olive 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
Rental property for sale in Redding at 1265 Olive Ave, Redding, CA, 96001 generates $2,945/mo in rent and, after a $1,561/mo payment, leaves $972/mo in cash flow. Total monthly income is $2,945/mo, and annual cash flow is $11,663/yr on $105,749 invested. Return on cash invested sits at 30.94% in year one, and rental yield is 11.08% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 161.97% and total cumulative return in cash sums $171,277. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,945/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
5,227 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: Simon Mills • Mills Realty
Mls Name: SMLS
Mls Provider:
Mls ID: #24-2392
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.