3582 Old Lantern 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 3582 Old Lantern Dr, Redding, CA, 96003 priced at $424,000 pairs $2,604/mo rent with after a $2,075/mo payment. Total monthly income equals $2,604/mo. Return on cash invested is 19.36% in year one, and rental yield stands at 7.37% on a $424,000 basis. Equity gained on principal adds $2,736/yr, and 5% annual appreciation accumulates to $117,143 by year five. Five-year ROI measures 100.03% and total cumulative return in cash reaches $140,595. For financing, Ziffy Mortgage’s DSCR program evaluates $2,604/mo property income against a $2,075/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
9,583 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: Tom Brown • Waterman Real Estate
Mls Name: SMLS
Mls Provider:
Mls ID: #24-4480
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.