13787 Walter AveReddingCA96003
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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 13787 Walter Ave, Redding, CA, 96003 priced at $490,000 converts $3,760/mo rent into $729/mo cash flow after a $2,398/mo obligation. Total monthly income equals $3,760/mo, and annual cash flow totals $8,749/yr on $162,435 invested. Return on cash invested prints 25.3% in year one, and rental yield reads 9.21% against a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation compiles into $135,378 by year five. Five-year ROI reaches 131.75% and total cumulative return in cash sums $214,008. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,760/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2009
1 Acres 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: Chase S Sutfin • MounTerra Real Estate
Mls Name: SMLS
Mls ID: #25-5103