3261 Alexander DrReddingCA96002
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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 3261 Alexander Dr, Redding, CA, 96002 with 5% annual appreciation on a $364,900 basis while $2,426/mo rent supports operations. Total monthly income totals $2,426/mo and a $1,786/mo payment preserves $169/mo for cash returns. Annual cash flow comes to $2,024/yr on $120,964 deployed, and return on cash invested reaches 21.58% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,815 alongside rental yield of 7.98%. Five-year ROI measures 111.82% and total cumulative return in cash totals $135,264.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,426/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.31 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: Drew Wahlund • Wahlund & Co. Realty Group
Mls Name: SMLS
Mls Provider:
Mls ID: #24-4692
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.