2486 Neighborly WayReddingCA96001
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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 2486 Neighborly Way, Redding, CA, 96001 offers a 8.1% rental yield on a $599,900 purchase with $4,049/mo rent. Total monthly income registers $4,049/mo, and a $2,936/mo payment leaves $338/mo available for distribution. Annual cash flow reaches $4,058/yr on $197,367 to close, and return on cash invested stands at 22.12% in year one. Equity gained on principal adds $3,871/yr while 5% annual appreciation supports $165,741 over five years. Portfolio math shows five-year ROI at 114.65% and total cumulative return in cash at $226,288. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,049/mo property income against a $2,936/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96001, Redding, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,105 (100%) |
| Owner Occupied HU | 8,550 (56.6%) |
| Renter Occupied HU | 5,530 (36.6%) |
| Vacant Housing Units | 1,025 ( 6.8%) |
| Median Home Value | $413,774 |
| Average Home Value | $471,891 |
Housing Distribution
Address Breakdown
Residential
14,656
Single Family
13,803
Multi-Family
853
Businesses
1,624
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Listed by: Jesse Eline • eXp Realty of Northern California, Inc.
Mls Name: SMLS
Mls ID: #25-4056