20387 Bernard WayReddingCA96003
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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 20387 Bernard Way, Redding, CA, 96003 offers a 8.27% rental yield on a $259,900 purchase with $1,792/mo rent. Total monthly income registers $1,792/mo, and a $1,272/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,211/yr on $86,157 to close, and return on cash invested stands at 22.48% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 116.65% and total cumulative return in cash at $100,498. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,792/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
2.10 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: Cory Meyer • eXp Realty of Northern California, Inc.
Mls Name: SMLS
Mls ID: #25-3891