622 Esther Way
Redlands, CA, 92373
$685,000
MLS: OC25154506
Beds
4
Baths
3
Sq Ft
1,746
Lot
0.20 ac
Year Built
1955
MLS #
OC25154506
Days on Market
244
Listed
Jul 10, 2025
Description
Calling All Long term or Short term Investors! Located in one of Redlands’ most sought-after neighborhoods, this newly renovated 1,746 sq. ft. home presents an outstanding investment opportunity. Featuring 4 bedrooms and 3 bathrooms on an expansive 8,505 sq. ft. lot, the property offers versatile living options and strong rental potential. The back bedroom suite includes its own private bathroom, laundry area, and separate backyard entrance—perfect for conversion into an ADU studio or rental unit. Investors will appreciate the potential for dual income, with the ADU studio estimated to rent for up to $1,500/month and the main home commanding up to $3,500/month. Or Imagine having you're own Short term rental business and bring in even more investment income! Conveniently situated near shopping, dining, and all that Redlands has to offer, this property is ideal for house hackers, income property seekers, or anyone looking to maximize return on investment while enjoying a comfortable, move-in-ready home in a prime location.
Location
Redlands, San Bernardino County, CA 92373
Open on Google Maps ↗Listed by: Brian Humphrey · Arch Pacific Realty
Payment estimate
$5,058
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $68,500 · Loan: $616,500
- Principal & Interest
- $3,788
- Property tax (1.25%)
- $714
- Homeowners insurance
- $300
- Mortgage insurance
- $257
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Redlands home with as little as 3.5% down using an FHA loan — roughly $23,975 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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