129 Smithridge ParkRenoNV89502
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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 129 Smithridge Park, Reno, NV, 89502 listed at $309,999 pairs $2,340/mo rent with a $1,517/mo payment to leave $549/mo cash flow. Total monthly income runs $2,340/mo, and annual cash flow reaches $6,590/yr on $102,765 cash to close. Return on cash invested measures 26.32% in year one, and rental yield registers 9.06% at a $309,999 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,647 by year five. Five-year ROI tracks 136.72% and total cumulative return in cash totals $140,503. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,340/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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