3490 Summit DrReddingCA96001
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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 3490 Summit Dr, Redding, CA, 96001 earns $2,138/mo cash flow from $4,096/mo rent with a $1,541/mo payment. Total monthly income totals $4,096/mo, and annual cash flow totals $25,659/yr on $104,389 capital. ROI tracks 44.49% on current figures, and rental yield reads 15.61% at a $314,900 purchase. Equity gained on principal adds $2,032/yr, and 5% annual appreciation supports $87,001 over five years. Five-year ROI reaches 234.71% and total cumulative return in cash sums $245,014. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,096/mo property income instead of your personal income.
Single Family
Built in 1977
0.28 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 |
Housing Distribution
Address Breakdown
Residential
14,656
Single Family
13,803
Multi-Family
853
Businesses
1,624
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Listed by: Michael Ware • Wahlund & Co. Realty Group
Mls Name: SMLS
Mls Provider:
Mls ID: #24-2623
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.