1600 Duke WayRenoNV89502
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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 1600 Duke Way, Reno, NV, 89502 uses $143,871 cash to close to unlock $8,240/yr annual cash flow and $687/mo monthly cash flow. Total monthly income runs $3,194/mo, and a $2,124/mo payment keeps the spread at $687/mo. Purchase price stands at $434,000, and rental yield measures 8.83% with $3,194/mo rent. Return on cash invested shows 25.64% in year one, and 5% annual appreciation builds toward $119,906 over five years. Five-year ROI reaches 133.01% and total cumulative return in cash records $191,362. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,194/mo property income covering a $2,124/mo payment rather than investor’s personal income.
Single Family
Built in 1958
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89502, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,604 (100%) |
| Owner Occupied HU | 7,450 (34.5%) |
| Renter Occupied HU | 12,405 (57.4%) |
| Vacant Housing Units | 1,749 ( 8.1%) |
| Median Home Value | $428,049 |
| Average Home Value | $437,284 |
Housing Distribution
Address Breakdown
Residential
20,280
Single Family
15,358
Multi-Family
4,922
Businesses
3,435
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Listed by: Rob Simpson • BHG Drakulich Realty
Mls Name: NNRMLS
Mls Provider:
Mls ID: #240014159
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