2992 Blue Horizon Dr, Redding, CA, 96002 | $693/mo Cash Flow

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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 2992 Blue Horizon Dr, Redding, CA, 96002 uses $243,427 cash to close to unlock $8,319/yr annual cash flow and $693/mo monthly cash flow. Total monthly income runs $5,311/mo, and a $3,621/mo payment keeps the spread at $693/mo. Purchase price stands at $739,900, and rental yield measures 8.61% with $5,311/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $204,421 over five years. Five-year ROI reaches 122.02% and total cumulative return in cash records $297,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,311/mo property income covering a $3,621/mo payment rather than investor’s personal income.

Single Family

Built in 2003

0.38 Acres lot

$N/A/sqft

$41 monthly 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