887 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 887 Congaree Ln, Redding, CA, 96001 priced at $389,999 converts $3,247/mo rent into $834/mo cash flow after a $1,909/mo obligation. Total monthly income equals $3,247/mo, and annual cash flow totals $10,011/yr on $129,285 invested. Return on cash invested prints 27.65% in year one, and rental yield reads 9.99% against a $389,999 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 144.39% and total cumulative return in cash sums $186,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,247/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 2022
7,405 sqft lot
$N/A/sqft
No 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: Anna Ton • Pacificwide Real Estate & Mortgage
Mls Name: MLSListings Inc
Mls ID: #ML82022847