12245 Spruce LnRenoNV89511
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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 Reno at 12245 Spruce Ln, Reno, NV, 89511 earns $344/mo cash flow from $4,411/mo rent with a $3,445/mo payment. Total monthly income totals $4,411/mo, and annual cash flow totals $4,131/yr on $231,583 capital. ROI tracks 21.84% on current figures, and rental yield reads 7.52% at a $703,900 purchase. Equity gained on principal adds $4,542/yr, and 5% annual appreciation supports $194,475 over five years. Five-year ROI reaches 112.65% and total cumulative return in cash sums $260,884. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,411/mo property income instead of your personal income.
Single Family
Built in 1963
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89511, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,686 (100%) |
| Owner Occupied HU | 9,139 (66.8%) |
| Renter Occupied HU | 3,860 (28.2%) |
| Vacant Housing Units | 687 ( 5.0%) |
| Median Home Value | $887,736 |
| Average Home Value | $1,035,876 |
Housing Distribution
Address Breakdown
Residential
13,551
Single Family
10,157
Multi-Family
3,394
Businesses
1,980
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Listed by: Sean Burke • RE/MAX Professionals-Reno
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250050999
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