3621 Ricardo AveReddingCA96002
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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 3621 Ricardo Ave, Redding, CA, 96002 earns $1,358/mo cash flow from $3,578/mo rent with a $1,713/mo payment. Total monthly income totals $3,578/mo, and annual cash flow totals $16,301/yr on $116,025 capital. ROI tracks 33.96% on current figures, and rental yield reads 12.27% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 178.4% and total cumulative return in cash sums $206,990. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,578/mo property income instead of your personal income.
Single Family
Built in 1961
0.37 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: Je'an Eason • Main Source Real Estate
Mls Name: bridgeMLS/CCAR/Bay East AOR
Mls Provider:
Mls ID: #41076302
Disclaimer: Bay East 2024. CCAR 2024. bridgeMLS 2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2024-10-17 13:46:45 PDT.