8947 Olney Park DrReddingCA96001
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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 8947 Olney Park Dr, Redding, CA, 96001 priced at $475,000 converts $3,049/mo rent into $91/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,049/mo, and annual cash flow totals $1,097/yr on $157,463 invested. Return on cash invested prints 20.61% in year one, and rental yield reads 7.7% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 106.64% and total cumulative return in cash sums $167,911. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,049/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1976
1.06 Acres 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: Lauren Brown • STROMER REALTY COMPANY
Mls Name: Tehama County AOR
Mls ID: #20240588