1155 Spruce AveSilver SpringsNV89429
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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 Silver Springs at 1155 Spruce Ave, Silver Springs, NV, 89429 earns from $2,298/mo rent with a $2,324/mo payment. Total monthly income totals $2,298/mo. ROI tracks 16.51% on current figures, and rental yield reads 5.81% at a $474,900 purchase. Equity gained on principal adds $3,064/yr, and 5% annual appreciation supports $131,206 over five years. Five-year ROI reaches 84.1% and total cumulative return in cash sums $132,395. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,298/mo property income instead of your personal income.
Manufactured
Built in 2004
9.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89429, Silver Springs, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,759 (100%) |
| Owner Occupied HU | 2,875 (76.5%) |
| Renter Occupied HU | 552 (14.7%) |
| Vacant Housing Units | 332 ( 8.8%) |
| Median Home Value | $354,694 |
| Average Home Value | $360,224 |
Housing Distribution
Address Breakdown
Residential
3,239
Single Family
3,198
Multi-Family
41
Businesses
146
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Listed by: Robert Herrera • Sierra Nevada Properties-Frnly
Mls Name: NNRMLS
Mls ID: #250055613