1405 Selmi DrRenoNV89512
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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 1405 Selmi Dr, Reno, NV, 89512 offers a 11.56% rental yield on a $168,000 purchase with $1,618/mo rent. Total monthly income registers $1,618/mo, and a $822/mo payment leaves $648/mo available for distribution. Annual cash flow reaches $7,771/yr on $55,692 to close, and return on cash invested stands at 33.86% in year one. Equity gained on principal adds $1,084/yr while 5% annual appreciation supports $46,415 over five years. Portfolio math shows five-year ROI at 177.17% and total cumulative return in cash at $98,669. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,618/mo property income against a $822/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
435.60 sqft lot
$N/A/sqft
No 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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