789 Springer Dr,Redding,CA,96003

Investment Highlights

Rental property for sale in Redding at 789 Springer Dr, Redding, CA, 96003 priced at $372,000 converts $2,690/mo rent into $389/mo cash flow after a $1,821/mo obligation. Total monthly income equals $2,690/mo, and annual cash flow totals $4,662/yr on $123,318 invested. Return on cash invested prints 23.69% in year one, and rental yield reads 8.68% against a $372,000 entry. Equity gained on principal adds $2,400/yr, while 5% annual appreciation compiles into $102,777 by year five. Five-year ROI reaches 123.12% and total cumulative return in cash sums $151,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,690/mo property income covering a $1,821/mo payment, not borrower’s personal income.