3228 Veda StReddingCA96001
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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 3228 Veda St, Redding, CA, 96001 at $159,999 posts ROI 50.85% with $1,367/mo cash flow from $2,377/mo rent. Total monthly income equals $2,377/mo, and annual cash flow records $16,410/yr on $53,040 to close. Return on cash invested measures 50.85% and rental yield reads 17.83% at the current $159,999. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 by year five. Five-year ROI prints 268.94% and total cumulative return in cash totals $142,645.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,377/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1935
6,534 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
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Listed by: Brittanie Baker • Marketplace Real Estate
Mls Name: SMLS
Mls Provider:
Mls ID: #24-2501
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.