354 Springer 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
Rental property for sale in Redding at 354 Springer Dr, Redding, CA, 96003 priced at $374,900 pairs $2,746/mo rent with $427/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,746/mo, and annual cash flow comes to $5,121/yr on $124,279 invested. Return on cash invested is 24.03% in year one, and rental yield stands at 8.79% on a $374,900 basis. Equity gained on principal adds $2,419/yr, and 5% annual appreciation accumulates to $103,578 by year five. Five-year ROI measures 124.94% and total cumulative return in cash reaches $155,275. For financing, Ziffy Mortgage’s DSCR program evaluates $2,746/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
8,276 sqft 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: Jesse Eline • eXp Realty of Northern California, Inc.
Mls Name: SMLS
Mls ID: #25-3921