6944 Riata DrReddingCA96002
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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 6944 Riata Dr, Redding, CA, 96002 earns from $2,495/mo rent with a $2,765/mo payment. Total monthly income totals $2,495/mo. ROI tracks 12.7% on current figures, and rental yield reads 5.3% at a $565,000 purchase. Equity gained on principal adds $3,646/yr, and 5% annual appreciation supports $156,099 over five years. Five-year ROI reaches 64.47% and total cumulative return in cash sums $119,835. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,495/mo property income instead of your personal income.
Single Family
Built in 1976
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96002, Redding, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,334 (100%) |
| Owner Occupied HU | 7,929 (55.3%) |
| Renter Occupied HU | 5,505 (38.4%) |
| Vacant Housing Units | 900 ( 6.3%) |
| Median Home Value | $392,475 |
| Average Home Value | $469,375 |
Housing Distribution
Address Breakdown
Residential
13,424
Single Family
12,914
Multi-Family
510
Businesses
1,722
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Listed by: Kimberly A Moore • Realty 110, Inc.
Mls Name: SMLS
Mls Provider:
Mls ID: #24-4081
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.