1602 Cottonwood 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 1602 Cottonwood Ave, Redding, CA, 96001 offers $2,557/mo rent that, after a $825/mo payment, leaves $1,468/mo cash flow. Total monthly income is $2,557/mo, and annual cash flow is $17,616/yr on $55,858 cash. Return on cash invested measures 51.45% in year one, and rental yield stands at 18.21% at a $168,500 entry. Equity gained on principal adds $1,087/yr while 5% annual appreciation compounds into $46,553 by year five. Five-year ROI records 272.4% and total cumulative return in cash reaches $152,154. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,557/mo property income versus a $825/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,791 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: Dana Peterson • Shasta Sotheby's International Realty
Mls Name: SMLS
Mls Provider:
Mls ID: #24-2579
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.