2885 Fernwood StReddingCA96001
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 2885 Fernwood St, Redding, CA, 96001 in Redding. Rental yield 6%. The 1.11 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $110,485 and $3,683/yr in principal reduction project total return of $121,045.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 5.2% |
| Monthly Cash Flow | $(476) | $850 |
City averages based on Redding market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,998 |
| Total Monthly Debt Service | $2,315 |
| DSCR Ratio | 0.86x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1988
7,840 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
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 1988
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Josh Barker • Josh Barker Real Estate
Mls Name: SMLS
Mls Provider:
Mls ID: #25-555
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.