1535 Foster DrRenoNV89509
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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
Rental property for sale in Reno at 1535 Foster Dr, Reno, NV, 89509 generates $3,101/mo in rent and, after a $2,105/mo payment, leaves $221/mo in cash flow. Total monthly income is $3,101/mo, and annual cash flow is $2,654/yr on $142,545 invested. Return on cash invested sits at 21.77% in year one, and rental yield is 8.65% on a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 113.52% and total cumulative return in cash sums $161,811. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,101/mo property income rather than buyer’s personal income.
Townhouse
Built in 1972
435.60 sqft lot
$N/A/sqft
$395 monthly 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
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Listed by: Claudia Capurro • Ferrari-Lund R.E. Sparks
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250006057
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