3697 Alma 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 3697 Alma Ave, Redding, CA, 96002 offers a 8.83% rental yield on a $332,000 purchase with $2,443/mo rent. Total monthly income registers $2,443/mo, and a $1,625/mo payment leaves $389/mo available for distribution. Annual cash flow reaches $4,670/yr on $110,058 to close, and return on cash invested stands at 24.15% in year one. Equity gained on principal adds $2,142/yr while 5% annual appreciation supports $91,725 over five years. Portfolio math shows five-year ROI at 125.63% and total cumulative return in cash at $138,267. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,443/mo property income against a $1,625/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
8,712 sqft 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: Cory Meyer • eXp Realty of Northern California, Inc.
Mls Name: SMLS
Mls Provider:
Mls ID: #25-3732
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.