2759 Lake Redding Dr, Redding, CA, 96003 | 5.99% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2759 Lake Redding Dr, Redding, CA, 96003 | 5.99% Rental Yield | 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

Rental property for sale in Redding at 2759 Lake Redding Dr, Redding, CA, 96003 offers $3,395/mo rent that, after a $3,328/mo payment. Total monthly income is $3,395/mo. Return on cash invested measures 15.16% in year one, and rental yield stands at 5.99% at a $680,000 entry. Equity gained on principal adds $4,388/yr while 5% annual appreciation compounds into $187,871 by year five. Five-year ROI records 77.55% and total cumulative return in cash reaches $173,484. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,395/mo property income versus a $3,328/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2002

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to Your Dream Retreat! Step into serenity through a gated front courtyard featuring a charming three-tiered fountain, enclosed by wrought iron and brick fencing. Elegant double solid rounded wood doors invite you into a home that blends comfort with sophistication. Inside, you'll immediately notice the open sightline to a spacious covered patio with two large fans, overlooking a sparkling pool ideal for entertaining or relaxing year-round. The split floor plan offers privacy with a generous primary suite featuring gas fireplace and French doors that open to a private covered patio. The primary bathroom boasts double vanities, a large tiled walk-in shower, a separate garden tub, and a roomy walk-in closet. The kitchen is light and airy, centered around a large island with barstool seating, perfect for casual meals or gatherings. It's equipped with a Jenn Air cooktop, newer stainless steel appliances, wine refrigerator and a walk-in pantry with direct access to the side yard. Just off the kitchen, you'll find a dedicated office space. Enjoy the abundant natural light in the living room, with large windows, French doors to the patio, and a cozy gas fireplace. Vinyl shutters throughout the home add a touch of timeless elegance. The oversized 3-car garage offers space for vehicles, toys, or even a workshop, featuring multiple 220V outlets. Additional RV parking ensures room for all your adventures. This home is in a prime location for outdoor enthusiasts with the river trail just beyond your backyard fence, perfect for fishing, running, biking, and walking, and multiple trailheads nearby.

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