Redding, CA | Shasta County Investors

[Brian Ford]

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!