781 Springer 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 781 Springer Dr, Redding, CA, 96003 with 5% annual appreciation on a $363,800 basis while $2,525/mo rent supports operations. Total monthly income totals $2,525/mo and a $1,781/mo payment preserves $274/mo for cash returns. Annual cash flow comes to $3,289/yr on $120,600 deployed, and return on cash invested reaches 22.64% in year one. Equity gained on principal adds $2,348/yr, and five-year appreciation sums $100,511 alongside rental yield of 8.33%. Five-year ROI measures 117.49% and total cumulative return in cash totals $141,698.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,525/mo property income versus a $1,781/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
6,969 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: Ben Sprague • eXp Realty of California, Inc.
Mls Name: SMLS
Mls ID: #25-4065