40 Ortega CtReddingCA96003
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
Investment property for sale in Redding at 40 Ortega Ct, Redding, CA, 96003 earns $326/mo cash flow from $2,448/mo rent with a $1,679/mo payment. Total monthly income totals $2,448/mo, and annual cash flow totals $3,911/yr on $113,705 capital. ROI tracks 23.35% on current figures, and rental yield reads 8.56% at a $343,000 purchase. Equity gained on principal adds $2,213/yr, and 5% annual appreciation supports $94,765 over five years. Five-year ROI reaches 121.27% and total cumulative return in cash sums $137,892. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,448/mo property income instead of your personal income.
Single Family
Built in 1999
0.50 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex Wittmer • Real Brokerage Technologies
Mls Name: SMLS
Mls Provider:
Mls ID: #25-5025
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.