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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Redding at 1422 Willis St, Redding, CA, 96001 priced at $459,000 converts $2,746/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,746/mo. Return on cash invested prints 19.17% in year one, and rental yield reads 7.18% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 98.9% and total cumulative return in cash sums $150,479. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,746/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1945
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 96001, Redding, CA area.
| 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 |
Residential
14,656
Single Family
13,803
Multi-Family
853
Businesses
1,624
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $459,000 |
| 2024-12-27 | Sold | $274,500 |
| 2024-12-05 | Pending sale | $299,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-28 | $978.34 | 1.61% | $89,884 | 2.00% |
| 2023-03-28 | $962.88 | 1.75% | $88,122 | 2.00% |
| 2022-03-28 | $946.30 | 0.57% | $86,395 | 2.00% |
Listed by: Todd D Stromback • eXp Realty of Northern California, Inc.
Mls Name: SMLS
Mls Provider:
Mls ID: #25-1228
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
