1610 Icelandic WayRenoNV89523
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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 1610 Icelandic Way, Reno, NV, 89523 generates $3,120/mo in rent and, after a $2,237/mo payment, leaves $479/mo in cash flow. Total monthly income is $3,120/mo, and annual cash flow is $5,752/yr on $151,492 invested. Return on cash invested sits at 23.71% in year one, and rental yield is 8.19% on a $456,990 entry. Equity gained on principal adds $2,949/yr, while 5% annual appreciation builds toward $126,258 over five years. Five-year ROI reaches 122.67% and total cumulative return in cash sums $185,836. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.
Multi Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89523, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,512 (100%) |
| Owner Occupied HU | 9,333 (56.5%) |
| Renter Occupied HU | 6,547 (39.6%) |
| Vacant Housing Units | 632 ( 3.8%) |
| Median Home Value | $618,024 |
| Average Home Value | $664,197 |
Housing Distribution
Address Breakdown
Residential
16,968
Single Family
12,087
Multi-Family
4,881
Businesses
394
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