1450 Idlewild Dr UNIT 616RenoNV89509
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1450 Idlewild Dr UNIT 616, Reno, NV, 89509 in Reno. At $352,000 it earns $2,366/mo in rent and distributes $333/mo to the owner after the $1,583/mo payment, a consistent 8.07% yield. DSCR 1.49 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $97,251 in value; $3,242/yr in principal paydown compounds ownership stake. Total projected return: $154,264.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 4.8% |
| Monthly Cash Flow | $333 | $1,850 |
City averages based on Reno market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,366 |
| Total Monthly Debt Service | $1,894 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2006
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89509, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,899 (100%) |
| Owner Occupied HU | 9,041 (50.5%) |
| Renter Occupied HU | 7,979 (44.6%) |
| Vacant Housing Units | 879 ( 4.9%) |
| Median Home Value | $704,008 |
| Average Home Value | $783,053 |
Housing Distribution
Address Breakdown
Residential
16,680
Single Family
13,614
Multi-Family
3,066
Businesses
1,226
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2006
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89509, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,899 (100%) |
| Owner Occupied HU | 9,041 (50.5%) |
| Renter Occupied HU | 7,979 (44.6%) |
| Vacant Housing Units | 879 ( 4.9%) |
| Median Home Value | $704,008 |
| Average Home Value | $783,053 |
Housing Distribution
Address Breakdown
Residential
16,680
Single Family
13,614
Multi-Family
3,066
Businesses
1,226
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices