140 Griswold CtRenoNV89503
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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 140 Griswold Ct, Reno, NV, 89503 uses $87,848 cash to close to unlock $5,615/yr annual cash flow and $468/mo monthly cash flow. Total monthly income runs $1,999/mo, and a $1,297/mo payment keeps the spread at $468/mo. Purchase price stands at $265,000, and rental yield measures 9.05% with $1,999/mo rent. Return on cash invested shows 26.3% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 136.56% and total cumulative return in cash records $119,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,999/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1974
1,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89503, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,891 (100%) |
| Owner Occupied HU | 6,014 (43.3%) |
| Renter Occupied HU | 6,842 (49.3%) |
| Vacant Housing Units | 1,035 ( 7.5%) |
| Median Home Value | $491,907 |
| Average Home Value | $559,867 |
Housing Distribution
Address Breakdown
Residential
12,606
Single Family
10,268
Multi-Family
2,338
Businesses
607
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