3186 Island Dr, Redding, CA, 96001 | $397/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1602 sft

1127 Woodland Ter, Redding, CA, 96002

3 Bed
3 Bath
1340 sft

2385 Shining Star Way, Redding, CA, 96003

3 Bed
2 Bath
1126 sft

2953 Churn Ct, Redding, CA, 96002

5 Bed
2 Bath
2300 sft

2855 Henderson Rd, Redding, CA, 96002

Nearby investment properties with comparable prices

4 Bed
3 Bath
1615 sft

807 Congaree Ln, Redding, CA, 96001

3 Bed
2 Bath
1352 sft

21934 Feather River Pl, Cottonwood, CA, 96022

3 Bed
2 Bath
1189 sft

3535 Barkwood Dr, Anderson, CA, 96007

3 Bed
2 Bath
1176 sft

4405 Melody Ln, Redding, CA, 96001

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Redding at 3186 Island Dr, Redding, CA, 96001 uses $130,943 cash to close to unlock $4,763/yr annual cash flow and $397/mo monthly cash flow. Total monthly income runs $2,852/mo, and a $1,933/mo payment keeps the spread at $397/mo. Purchase price stands at $395,000, and rental yield measures 8.66% with $2,852/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 122.38% and total cumulative return in cash records $160,242. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,852/mo property income covering a $1,933/mo payment rather than investor’s personal income.

Single Family

Built in 1984

0.26 Acres 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