16 Gamay LnRenoNV89512
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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 16 Gamay Ln, Reno, NV, 89512 with 5% annual appreciation on a $147,000 basis while $1,129/mo rent supports operations. Total monthly income totals $1,129/mo and a $719/mo payment preserves $280/mo for cash returns. Annual cash flow comes to $3,362/yr on $48,731 deployed, and return on cash invested reaches 26.81% in year one. Equity gained on principal adds $949/yr, and five-year appreciation sums $40,613 alongside rental yield of 9.22%. Five-year ROI measures 139.4% and total cumulative return in cash totals $67,932.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,129/mo property income versus a $719/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1988
N/A 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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