1616 Prancer StRenoNV89523
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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 1616 Prancer St, Reno, NV, 89523 earns $308/mo cash flow from $3,070/mo rent with a $2,340/mo payment. Total monthly income totals $3,070/mo, and annual cash flow totals $3,693/yr on $158,454 capital. ROI tracks 22.24% on current figures, and rental yield reads 7.71% at a $477,990 purchase. Equity gained on principal adds $3,084/yr, and 5% annual appreciation supports $132,060 over five years. Five-year ROI reaches 114.8% and total cumulative return in cash sums $181,906. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,070/mo property income instead of your personal income.
Townhouse
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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