829 Congaree LnReddingCA96001
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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
Rental property for sale in Redding at 829 Congaree Ln, Redding, CA, 96001 generates $2,177/mo in rent and, after a $1,581/mo payment, leaves $46/mo in cash flow. Total monthly income is $2,177/mo, and annual cash flow is $550/yr on $107,071 invested. Return on cash invested sits at 20.42% in year one, and rental yield is 8.09% on a $322,990 entry. Equity gained on principal adds $2,084/yr, while 5% annual appreciation builds toward $89,236 over five years. Five-year ROI reaches 106.13% and total cumulative return in cash sums $113,634. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,177/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
3,920 sqft lot
$N/A/sqft
$133 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96001, Redding, CA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,656
Single Family
13,803
Multi-Family
853
Businesses
1,624
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Listed by: Shellee McAsey • D.R. Horton CA2, Inc.
Mls Name: SMLS
Mls Provider:
Mls ID: #26-70
Disclaimer: Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.