2323 Castlewood Dr, Redding, CA, 96002 | $1,136/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Redding at 2323 Castlewood Dr, Redding, CA, 96002 offers a 10.41% rental yield on a $480,000 purchase with $4,165/mo rent. Total monthly income registers $4,165/mo, and a $2,349/mo payment leaves $1,136/mo available for distribution. Annual cash flow reaches $13,632/yr on $159,120 to close, and return on cash invested stands at 28.48% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,615 over five years. Portfolio math shows five-year ROI at 148.93% and total cumulative return in cash at $236,981. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,165/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1991

0.30 Acres 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