3995 Remi LnReddingCA96002
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3995 Remi Ln, Redding, CA, 96002 priced at $399,900 converts $2,543/mo rent into $69/mo cash flow after a $1,957/mo obligation. Total monthly income equals $2,543/mo, and annual cash flow totals $834/yr on $132,567 invested. Return on cash invested prints 20.54% in year one, and rental yield reads 7.63% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 106.21% and total cumulative return in cash sums $140,804. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,543/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 2005
6,969 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: Dan Metz • Josh Barker Real Estate
Mls Name: SMLS
Mls Provider:
Mls ID: #25-43
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.