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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Redding at 6555 Leonard Dr, Redding, CA, 96001 offers $2,509/mo rent that, after a $1,297/mo payment, leaves $763/mo cash flow. Total monthly income is $2,509/mo, and annual cash flow is $9,151/yr on $87,848 cash. Return on cash invested measures 30.33% in year one, and rental yield stands at 11.36% at a $265,000 entry. Equity gained on principal adds $1,710/yr while 5% annual appreciation compounds into $73,215 by year five. Five-year ROI records 159.25% and total cumulative return in cash reaches $139,899. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,509/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 96001, Redding, CA area.
| 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 |
Residential
14,656
Single Family
13,803
Multi-Family
853
Businesses
1,624
Date | Event | Price |
|---|---|---|
| 2023-12-06 | Sold | $303,867 |
| 2022-03-16 | Sold | $282,500 |
| 2021-11-13 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3273.72 | 7.10% | $310,000 | 7.66% |
| 2023-02-13 | $3056.64 | 233.53% | $287,946 | 244.61% |
| 2022-02-13 | $916.46 | 0.58% | $83,556 | 2.00% |
Listed by: Ann Lukaszewicz • Banner Real Estate
Mls Name: SMLS
Mls Provider:
Mls ID: #25-437
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
