5665 Cascade DrReddingCA96003
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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 5665 Cascade Dr, Redding, CA, 96003 offers a 10.19% rental yield on a $339,999 purchase with $2,886/mo rent. Total monthly income registers $2,886/mo, and a $1,664/mo payment leaves $783/mo available for distribution. Annual cash flow reaches $9,394/yr on $112,710 to close, and return on cash invested stands at 28.24% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,935 over five years. Portfolio math shows five-year ROI at 147.54% and total cumulative return in cash at $166,290. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,886/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
9,147 sqft 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: Stephanie Kasinger • Golden Gate Sotheby's International Realty
Mls Name: SMLS
Mls Provider:
Mls ID: #24-3485
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.