1016 Prater WaySparksNV89431
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Sparks at 1016 Prater Way, Sparks, NV, 89431 earns from $1,611/mo rent with a $1,366/mo payment. Total monthly income totals $1,611/mo. ROI tracks 19.89% on current figures, and rental yield reads 6.93% at a $279,000 purchase. Equity gained on principal adds $1,800/yr, and 5% annual appreciation supports $77,083 over five years. Five-year ROI reaches 102.22% and total cumulative return in cash sums $94,543. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,611/mo property income instead of your personal income.
Single Family
Built in 1919
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89431, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,074 (42.0%) |
| Renter Occupied HU | 8,987 (53.3%) |
| Vacant Housing Units | 799 ( 4.7%) |
| Median Home Value | $383,516 |
| Average Home Value | $472,222 |
Housing Distribution
Address Breakdown
Residential
15,835
Single Family
12,721
Multi-Family
3,114
Businesses
2,572
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