1402 E 9th St UNIT 11RenoNV89512
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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 1402 E 9th St UNIT 11, Reno, NV, 89512 uses $74,588 cash to close to unlock $5,427/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $1,979/mo, and a $1,101/mo payment keeps the spread at $452/mo. Purchase price stands at $225,000, and rental yield measures 10.55% with $1,979/mo rent. Return on cash invested shows 27.19% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 142.68% and total cumulative return in cash records $106,425. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,979/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$227 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89512, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,690 (100%) |
| Owner Occupied HU | 3,979 (31.4%) |
| Renter Occupied HU | 7,963 (62.8%) |
| Vacant Housing Units | 748 ( 5.9%) |
| Median Home Value | $348,157 |
| Average Home Value | $421,809 |
Housing Distribution
Address Breakdown
Residential
11,312
Single Family
8,124
Multi-Family
3,188
Businesses
583
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Listed by: Staci Nauman • RE/MAX Professionals-Sparks
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250000338
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