22161 Backbone RdReddingCA96003
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 22161 Backbone Rd, Redding, CA, 96003 at $260,000 posts ROI 30.81% with $783/mo cash flow from $2,392/mo rent. Total monthly income equals $2,392/mo, and annual cash flow records $9,398/yr on $86,190 to close. Return on cash invested measures 30.81% and rental yield reads 11.04% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 161.36% and total cumulative return in cash totals $139,073.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,392/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1984
0.49 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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Nearby investment properties with comparable prices
Listed by: Brian S Salado • TREG INC - The Real Estate Group
Mls Name: SMLS
Mls Provider:
Mls ID: #24-3322
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.