2405 Corona St, Redding, CA, 96002 | $1,557/mo Cash Flow

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2405 Corona St, Redding, CA, 96002 | $1,557/mo Cash Flow | Ziffy

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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 2405 Corona St, Redding, CA, 96002 earns $1,557/mo cash flow from $2,791/mo rent with a $976/mo payment. Total monthly income totals $2,791/mo, and annual cash flow totals $18,688/yr on $66,134 capital. ROI tracks 48.17% on current figures, and rental yield reads 16.79% at a $199,500 purchase. Equity gained on principal adds $1,287/yr, and 5% annual appreciation supports $55,118 over five years. Five-year ROI reaches 254.42% and total cumulative return in cash sums $168,259. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,791/mo property income instead of your personal income.

Single Family

Built in 1975

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

FIXER UPPER. Termite report on file, Home Inspection Report. Plumbing Report. NEW ROOF everything else is FIXER UPPER . This property is being sold in ''AS IS''condition ! OOA Owners will entertain serious offers. Great project for anyone who is looking for a fixer upper and in a good neighborhood.Check out the termite report and the home inspection to see if this is right for you or your buyer.Any questions, call George or Dennis

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