Plan 1611 Plan, RioReddingCA96001
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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 Plan 1611 Plan, Rio, Redding, CA, 96001 offers $2,970/mo rent that, after a $2,065/mo payment, leaves $360/mo cash flow. Total monthly income is $2,970/mo, and annual cash flow is $4,319/yr on $139,890 cash. Return on cash invested measures 23% in year one, and rental yield stands at 8.45% at a $421,990 entry. Equity gained on principal adds $2,723/yr while 5% annual appreciation compounds into $116,588 by year five. Five-year ROI records 119.39% and total cumulative return in cash reaches $167,012. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,970/mo property income versus a $2,065/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A 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: Rio • D.R. Horton - Redding
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A