473 Milkwood Dr #210ReddingCA96003
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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 473 Milkwood Dr #210, Redding, CA, 96003 uses $36,397 cash to close to unlock $3,518/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $972/mo, and a $537/mo payment keeps the spread at $293/mo. Purchase price stands at $109,795, and rental yield measures 10.62% with $972/mo rent. Return on cash invested shows 29.58% in year one, and 5% annual appreciation builds toward $30,334 over five years. Five-year ROI reaches 154.78% and total cumulative return in cash records $56,335. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $972/mo property income covering a $537/mo payment rather than investor’s personal income.
Manufactured
Built in 2015
N/A 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: Georgia Tull • The Redwoods Mobile Home Park
Mls Name: My State MLS
Mls ID: #11404166