2631 Irwin RdReddingCA96002
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2631 Irwin Rd, Redding, CA, 96002 in Redding hard to pass up. The 20.62% gross yield on a $135,000 purchase results in $2,320/mo in rent and $1,410/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.82). Annual cash flow of $16,920, five-year appreciation of $37,298, and $1,243/yr in equity build-up combine for a projected total cumulative return of $142,310.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.6% | 5.2% |
| Monthly Cash Flow | $1,410 | $850 |
City averages based on Redding market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,320 |
| Total Monthly Debt Service | $856 |
| DSCR Ratio | 2.71x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
0.39 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 |
Housing Distribution
Address Breakdown
Residential
13,424
Single Family
12,914
Multi-Family
510
Businesses
1,722
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
Single Family
Built in 1940
0.39 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 |
Housing Distribution
Address Breakdown
Residential
13,424
Single Family
12,914
Multi-Family
510
Businesses
1,722
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meg Grotting • RE/MAX Five Star - Grotting
Mls Name: SMLS
Mls Provider:
Mls ID: #25-2209
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.