129 Smithridge ParkRenoNV89502
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 129 Smithridge Park, Reno, NV, 89502 in Reno. At $302,500 it earns $2,340/mo in rent and distributes $339/mo to the owner after the $1,360/mo payment, a consistent 9.28% yield. DSCR 1.72 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $83,575 in value; $2,786/yr in principal paydown compounds ownership stake. Total projected return: $152,289.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 4.8% |
| Monthly Cash Flow | $339 | $1,850 |
City averages based on Reno market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,340 |
| Total Monthly Debt Service | $1,627 |
| DSCR Ratio | 1.44x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1969
43.56 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89502, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,604 (100%) |
| Owner Occupied HU | 7,450 (34.5%) |
| Renter Occupied HU | 12,405 (57.4%) |
| Vacant Housing Units | 1,749 ( 8.1%) |
| Median Home Value | $428,049 |
| Average Home Value | $437,284 |
Housing Distribution
Address Breakdown
Residential
20,280
Single Family
15,358
Multi-Family
4,922
Businesses
3,435
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
Condo
Built in 1969
43.56 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89502, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,604 (100%) |
| Owner Occupied HU | 7,450 (34.5%) |
| Renter Occupied HU | 12,405 (57.4%) |
| Vacant Housing Units | 1,749 ( 8.1%) |
| Median Home Value | $428,049 |
| Average Home Value | $437,284 |
Housing Distribution
Address Breakdown
Residential
20,280
Single Family
15,358
Multi-Family
4,922
Businesses
3,435
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices