469 Tourmaline WayReddingCA96003
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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 469 Tourmaline Way, Redding, CA, 96003 at $435,000 posts ROI 18.19% with from $2,484/mo rent. Total monthly income equals $2,484/mo. Return on cash invested measures 18.19% and rental yield reads 6.85% at the current $435,000. Equity gained on principal adds $2,807/yr, and 5% annual appreciation supports $120,182 by year five. Five-year ROI prints 93.63% and total cumulative return in cash totals $135,012. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,484/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1985
0.31 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
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Listed by: Dustin Foster • Relevant Real Estate
Mls Name: SMLS
Mls ID: #25-4736