3122 Panorama DrReddingCA96003
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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 3122 Panorama Dr, Redding, CA, 96003 uses $145,827 cash to close to unlock $1,821/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $2,873/mo, and a $2,153/mo payment keeps the spread at $152/mo. Purchase price stands at $439,900, and rental yield measures 7.84% with $2,873/mo rent. Return on cash invested shows 21.16% in year one, and 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 109.54% and total cumulative return in cash records $159,735. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,873/mo property income covering a $2,153/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.31 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,353
Single Family
18,298
Multi-Family
1,055
Businesses
957
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Listed by: Skip Murphy • The Address Realty
Mls Name: SMLS
Mls ID: #25-5027