2041 Comet StReddingCA96002
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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 2041 Comet St, Redding, CA, 96002 generates $2,027/mo in rent and, after a $1,321/mo payment, leaves $270/mo in cash flow. Total monthly income is $2,027/mo, and annual cash flow is $3,241/yr on $89,472 invested. Return on cash invested sits at 23.53% in year one, and rental yield is 9.01% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 122.73% and total cumulative return in cash sums $109,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,027/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96002, Redding, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,334 (100%) |
| Owner Occupied HU | 7,929 (55.3%) |
| Renter Occupied HU | 5,505 (38.4%) |
| Vacant Housing Units | 900 ( 6.3%) |
| Median Home Value | $392,475 |
| Average Home Value | $469,375 |
Housing Distribution
Address Breakdown
Residential
13,424
Single Family
12,914
Multi-Family
510
Businesses
1,722
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Listed by: Nedra Kinney • Coldwell Banker C&C Properties
Mls Name: SMLS
Mls Provider:
Mls ID: #24-3257
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.