160 N Broadway StFallonNV89406
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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 Fallon at 160 N Broadway St, Fallon, NV, 89406 priced at $295,000 converts $1,993/mo rent into $288/mo cash flow after a $1,444/mo obligation. Total monthly income equals $1,993/mo, and annual cash flow totals $3,461/yr on $97,793 invested. Return on cash invested prints 23.45% in year one, and rental yield reads 8.11% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 121.31% and total cumulative return in cash sums $118,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,993/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1979
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89406, Fallon, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,944 (100%) |
| Owner Occupied HU | 7,143 (65.3%) |
| Renter Occupied HU | 3,088 (28.2%) |
| Vacant Housing Units | 713 ( 6.5%) |
| Median Home Value | $348,818 |
| Average Home Value | $377,633 |
Housing Distribution
Address Breakdown
Residential
10,701
Single Family
10,425
Multi-Family
276
Businesses
685
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