4545 Enchanted Way, Redding, CA, 96001 | $583/mo Cash Flow

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4545 Enchanted Way, Redding, CA, 96001 | $583/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Redding at 4545 Enchanted Way, Redding, CA, 96001 priced at $269,000 converts $2,310/mo rent into $583/mo cash flow after a $1,317/mo obligation. Total monthly income equals $2,310/mo, and annual cash flow totals $6,999/yr on $89,174 invested. Return on cash invested prints 27.76% in year one, and rental yield reads 10.3% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 145.28% and total cumulative return in cash sums $129,551. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,310/mo property income covering a $1,317/mo payment, not borrower’s personal income.

Single Family

Built in 1971

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3-bedroom, 2-bathroom home on Enchanted Way, which features a delightful kitchen with a gas range and stylish laminate flooring throughout the kitchen and living room. The washer and dryer are thoughtfully situated in the guest bathroom for easy access. The main bedroom boasts a private en suite bathroom with a shower stall. Stay cool in the summer with central A/C and benefit from the City of Redding utilities, which help keep your living costs down. Enjoy serene moments on the back deck, where you can observe local wildlife such as deer, foxes, and turkeys in their natural habitat. Invest in this cozy retreat today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 96001, Redding, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,105 (100%)
Owner Occupied HU	8,550 (56.6%)
Renter Occupied HU	5,530 (36.6%)
Vacant Housing Units	1,025 ( 6.8%)
Median Home Value	$413,774
Average Home Value	$471,891