1357 Horse Creek WayFernleyNV89408
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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 Fernley at 1357 Horse Creek Way, Fernley, NV, 89408 listed at $595,900 pairs $3,460/mo rent with a $2,917/mo payment to leave $17/mo cash flow. Total monthly income runs $3,460/mo, and annual cash flow reaches $199/yr on $196,051 cash to close. Return on cash invested measures 20.16% in year one, and rental yield registers 6.97% at a $595,900 basis. Equity gained on principal adds $3,845/yr, and annual property appreciation at 5% supports $164,636 by year five. Five-year ROI tracks 103.62% and total cumulative return in cash totals $203,144. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,460/mo property income relative to a $2,917/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
9,147 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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