1624 Prancer StRenoNV89523
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1624 Prancer St, Reno, NV, 89523 in Reno. At $446,990 it earns $3,070/mo in rent and distributes $487/mo to the owner after the $2,010/mo payment, a consistent 8.24% yield. DSCR 1.53 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $123,495 in value; $4,117/yr in principal paydown compounds ownership stake. Total projected return: $200,096.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 4.8% |
| Monthly Cash Flow | $487 | $1,850 |
City averages based on Reno market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,070 |
| Total Monthly Debt Service | $2,405 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices