1215 Newlands Dr WFernleyNV89408
Nearby investment properties with comparable rents
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 Fernley at 1215 Newlands Dr W, Fernley, NV, 89408 at $285,000 posts ROI 22.62% with $213/mo cash flow from $1,860/mo rent. Total monthly income equals $1,860/mo, and annual cash flow records $2,559/yr on $94,478 to close. Return on cash invested measures 22.62% and rental yield reads 7.83% at the current $285,000. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 by year five. Five-year ROI prints 116.85% and total cumulative return in cash totals $110,394.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,860/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1982
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89408, Fernley, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,552 (100%) |
| Owner Occupied HU | 6,617 (69.3%) |
| Renter Occupied HU | 2,502 (26.2%) |
| Vacant Housing Units | 433 ( 4.5%) |
| Median Home Value | $369,852 |
| Average Home Value | $401,265 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,996
Multi-Family
98
Businesses
490
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Listed by: Claire Mulder • Coldwell Banker Select Fernley
Mls Name: NNRMLS
Mls Provider:
Mls ID: #240014109
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