3040 Irene WayReddingCA96002
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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 3040 Irene Way, Redding, CA, 96002 uses $130,611 cash to close to unlock $8,845/yr annual cash flow and $737/mo monthly cash flow. Total monthly income runs $3,174/mo, and a $1,928/mo payment keeps the spread at $737/mo. Purchase price stands at $394,000, and rental yield measures 9.67% with $3,174/mo rent. Return on cash invested shows 26.68% in year one, and 5% annual appreciation builds toward $108,855 over five years. Five-year ROI reaches 139.18% and total cumulative return in cash records $181,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,174/mo property income covering a $1,928/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.55 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
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Listed by: Dustin McCracken • RE/MAX Five Star
Mls Name: SMLS
Mls Provider:
Mls ID: #24-5049
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.