6298 Oasis Rd · Redding, CA 96003

$85,000

1 bd · 1.0 ba · 580 sqft · SingleFamily public records · 246 Days on market

Built 1960 1.13 ac lot

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover the potential at 6298 Oasis Road—a unique property offering over 1.13 acres of level, usable land with a peaceful seasonal creek running along the property in a convenient Redding location. While the site includes an older single-family structure built in 1960 with approximately 580 square feet of living space, it is often regarded as vacant land due to its strong redevelopment possibilities. This property presents a rare opportunity for investors, builders, or buyers seeking a project site with easy access to city utilities and major roadways. Whether you're envisioning a custom home, income property, or future development, Oasis Road offers flexibility, natural beauty, and room to create your vision.

Key facts

• Major roadways
• Level usable land
• Over 1.13 acres

Tags

• OVER 1.13 ACRES
• LEVEL USABLE LAND
• CONVENIENT REDDING LOCATION
• EASY ACCESS TO CITY UTILITIES
• MAJOR ROADWAYS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $428 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.3% vs local median 3.3% in Redding — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#106 in CA, #3,726 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, crime F, cost of living F.
• Gateway Unified (suburban): math 25% / reading 35% proficiency, ranked #355 of 517 in CA (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Shasta Lake (math 27% / reading 36%, grade F, #816 of 1,571 statewide, top 52%, 616 students, 74% FRL); Central Valley High (math 42% / reading 67%, grade C-, #256 of 1,170 statewide, top 24%, 625 students, 60% FRL).
• Zoned-school proficiency averages 43% at this address vs 30% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Gateway Unified average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+6.0%/yr); 393 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 246 units permitted in Shasta County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Shasta County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 6.0% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 246 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $7k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; moderate wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $74,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 246 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.51% ✓
• Cap rate: 13.28%
• Cash-on-cash: 24.94%
• DSCR: 2.11
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.98% rent growth · sell at horizon

5-year hold

• IRR: 17.5%
• Equity multiple: 1.73×
• Total profit: $17,463
• Equity at exit: $12,674

10-year hold

• IRR: 28.0%
• Equity multiple: 3.84×
• Total profit: $67,621
• Equity at exit: $7,349

Cash invested: $23,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 96003

• Rents YoY: 6.0%
• Active inventory: 393
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,279 medium
• Mortgage (P&I): −$446
• Tax from tax record: −$35 /mo · $419/yr
• Insurance: −$35
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $428

Break-even live

Break-even rent $737

Max offer price $85,000

Occupancy floor 62%

Sensitivity live

Price	-10% $476	-5% $452	+0% $428	+5% $404	+10% $380
Rent	-10% $327	-5% $378	+0% $428	+5% $479	+10% $529
Rate	-1.0pp $471	-0.5pp $450	base $428	+0.5pp $406	+1.0pp $384

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2716 Virginia Ave Shasta Lake, CA	1.0	1.0	392	$1,095	$2.79	15d	1	1.22mi

Listing history 21 events

1. 2026-06-21
   days on market $85,000 Active 246 DOM
2. 2026-06-19
   days on market $85,000 Active 244 DOM
3. 2026-06-18
   days on market $85,000 Active 243 DOM
4. 2026-06-17
   days on market $85,000 Active 242 DOM
5. 2026-06-16
   days on market $85,000 Active 241 DOM
6. 2026-06-15
   days on market $85,000 Active 240 DOM
7. 2026-06-14
   days on market $85,000 Active 238 DOM
8. 2026-06-13
   days on market $85,000 Active 237 DOM
9. 2026-06-10
   days on market $85,000 Active 235 DOM
10. 2026-06-09
    days on market $85,000 Active 234 DOM
11. 2026-06-08
    days on market $85,000 Active 233 DOM
12. 2026-06-07
    days on market $85,000 Active 232 DOM
13. 2026-06-03
    days on market $85,000 Active 228 DOM
14. 2026-06-02
    days on market $85,000 Active 227 DOM
15. 2026-06-01
    days on market $85,000 Active 226 DOM
16. 2026-05-31
    days on market $85,000 Active 225 DOM
17. 2026-05-30
    days on market $85,000 Active 224 DOM
18. 2026-04-06
    status Active 726-char remark

    Show marketing remark (726 chars)

    Discover the potential at 6298 Oasis Road—a unique property offering over 1.13 acres of level, usable land with a peaceful seasonal creek running along the property in a convenient Redding location. While the site includes an older single-family structure built in 1960 with approximately 580 square feet of living space, it is often regarded as vacant land due to its strong redevelopment possibilities. This property presents a rare opportunity for investors, builders, or buyers seeking a project site with easy access to city utilities and major roadways. Whether you're envisioning a custom home, income property, or future development, Oasis Road offers flexibility, natural beauty, and room to create your vision.

19. 2026-01-19
    price $85,000 726-char remark

    Show marketing remark (726 chars)

    Discover the potential at 6298 Oasis Road—a unique property offering over 1.13 acres of level, usable land with a peaceful seasonal creek running along the property in a convenient Redding location. While the site includes an older single-family structure built in 1960 with approximately 580 square feet of living space, it is often regarded as vacant land due to its strong redevelopment possibilities. This property presents a rare opportunity for investors, builders, or buyers seeking a project site with easy access to city utilities and major roadways. Whether you're envisioning a custom home, income property, or future development, Oasis Road offers flexibility, natural beauty, and room to create your vision.

20. 2025-10-15
    listed $92,000 Active 726-char remark

    Show marketing remark (726 chars)

    Discover the potential at 6298 Oasis Road—a unique property offering over 1.13 acres of level, usable land with a peaceful seasonal creek running along the property in a convenient Redding location. While the site includes an older single-family structure built in 1960 with approximately 580 square feet of living space, it is often regarded as vacant land due to its strong redevelopment possibilities. This property presents a rare opportunity for investors, builders, or buyers seeking a project site with easy access to city utilities and major roadways. Whether you're envisioning a custom home, income property, or future development, Oasis Road offers flexibility, natural beauty, and room to create your vision.

21. 2022-04-22
    soldstatus $85,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $419 · $35/mo
• Projected year-2 tax: $646 · $54/mo
• Expected delta: +$227/yr (+$19/mo · 54.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 41 unhealthy d/yr today · 48 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,353
• − Mortgage interest: −$4,761
• − Property taxes: −$419
• − Insurance: −$1,222
• − Repairs & maintenance: −$1,228
• − Management: −$1,228
• − Depreciation: −$2,473
• Taxable income: $4,021
• Est. tax owed @ 24.0%: −$965
• After-tax cash flow: $4,173/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Gateway Unified
• NCES district ID: 0614950
• Math proficiency: 25% ▼ -5.00%
• Reading proficiency: 35% ▲ 2.00%
• Median HH income: $41,888
• Composite: 25.39/100
• National rank: #7465
• State rank: #355 of 517 in CA

Livability — Redding

• Score: 76/100
• State rank: #106
• US rank: #3726

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment C- Housing A- Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Redding, CA
• County: Shasta County · 147,641 people
• City population: 112,523
• Metro: Redding, CA
• Population (ZIP): 44,923
• Household income: $72,445
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1668.0

Population outlook (Shasta County) Hauer SSP2

• Today (2025): 179,231 people
• By 2030: 176,953 · -1.3%
• By 2040: 169,982 · -5.2%
• By 2050: 162,547 · -9.3%
• By 2075: 145,649 · -18.7%
• By 2100: 123,025 · -31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 11% Two or more races 10% Asian 4% Native American 1% Black 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 5% Slovak 3% Lithuanian 3%
• Foreign-born: 6% · Canada, China
• Languages at home: 92% English-only · Spanish 3% German/W. Germanic 1% Other Asian/Pacific 1%

Political lean MEDSL · Shasta

• 2024 margin: Solid R (+36.5) · D 30.5% · R 67.0% · Other 2.5%
• 2008→2024 swing: -10.7pp toward R · 2008: -25.8pp · 2024: -36.5pp
• All cycles: 2024: R+36.5 2020: R+33.1 2016: R+37.4 2012: R+30.3 2008: R+25.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.66%
• Current HPI: 152.3069
• Rent YoY: ▲ 5.98%
• Metro: Redding, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+0.0% since first listed

4 events — show timeline

• 2026-04-06 Relisted — SAOR
• 2026-01-19 Price Changed $85,000 SAOR
• 2025-10-15 Listed $92,000 SAOR
• 2022-04-22 Sold (Public Records) $85,000 Public Records

Property tax history

+3.9%/yr

Latest (2025): $419 · +4.2% YoY. Source: county tax records.