13026 Spring Lake StReddingCA96003
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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 13026 Spring Lake St, Redding, CA, 96003 earns from $3,467/mo rent with a $2,888/mo payment. Total monthly income totals $3,467/mo. ROI tracks 17.29% on current figures, and rental yield reads 7.05% at a $590,000 purchase. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $163,006 over five years. Five-year ROI reaches 89.35% and total cumulative return in cash sums $173,428. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,467/mo property income instead of your personal income.
Single Family
Built in 2000
1.21 Acres lot
$N/A/sqft
$165 monthly 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: Tammy M Von Horn • eXp Realty of Northern California, Inc.
Mls Name: SMLS
Mls Provider:
Mls ID: #24-4377
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.