4118 Villa Drive
About This Property
Out back, the orchard is already producing: grapefruit, lemon, lime, pear, apple, and orange. Five sunny, organically-fed garden beds sit ready to plant. Two mature eucalyptus add shade elsewhere in the yard. Room for a boat or RV, space for a future pool or workshop, and a small front patio that catches the morning light.
Three sliding doors pull the backyard into the main living spaces - family room, kitchen, and primary suite all open onto it. Vaulted ceilings and dual-pane windows keep the home feeling open and full of light. Double front doors lead into a formal dining room and a family room with a fireplace. The kitchen sits at the center with butcher block counters and a breakfast bar; a side-by-side washer/dryer tucks behind accordion doors.
The updates that matter are done: central AC installed in 2024, newer interior doors, LED lighting throughout, updated bathroom fixtures, 2-car garage. Tile roof inspected in 2022 with no active issues. AB 38 defensible space inspection in progress, full disclosure package available on request.
Quiet west-side street, minutes from parks, schools, trails, Whiskeytown Lake, and downtown Redding. The kind of address buyers ask for by name.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 11, 2026 | Sold | ||
| Sold | |||
| May 27, 2026 | In contract | - | |
| In contract | |||
| Apr 27, 2026 | Listed by Listed Simply | $439,000 | |
| Listed by Listed Simply | |||
| Apr 12, 2022 | No longer available | - | |
| No longer available | |||
| Apr 9, 2022 | Listed by Vista Real Estate | $379,900 | |
| Listed by Vista Real Estate | |||
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Large private yard and open floor plan on the west-side of town. Home includes a formal dining room, family and living room, extra parking for boat or RV, fireplace, vaulted ceilings, newer energy-efficient windows, LED lights throughout, and fruit trees, all on a quiet street in a great location, close to schools and recreation! The manager has listed the unit size as 1691 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017