Redding, CA | Shasta County Investors
I'm originally from Cottonwood but live in the Bay Area now. I've been looking for SFH around $300k in Concord, Pittsburg, Elk Grove, and Roseville for the last 6 months but I haven't found anything with cash on cash yields over 5%. Prices in the Bay and Sacramento keep going up but rents don't seem to be rising as fast so I'm refocusing my attention on Shasta County. My parents still live in Cottonwood and I'm up there once a month.
I'm curious if anyone investing in SFH in Redding right now is seeing >5% CoC (open to duplexes too). Appreciation looks fairly stagnant in Redding and I don't anticipate Bay Area level jumps in property values in the next 7 years, so CoC seems like an important benchmark. Any guidance is appreciated. Thanks!
Most Popular Reply
You are already looking in the greater Sacramento region. How about Natomas, Folsom, Rocklin, and Lincoln? Those are nice areas that should be stable over the next 4 years because of the influx of residents moving there from Bay Area.