1625 Clarkson Dr APT 7ElkoNV89801
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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 Elko at 1625 Clarkson Dr APT 7, Elko, NV, 89801 uses $71,273 cash to close to unlock $3,097/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $1,052/mo payment keeps the spread at $258/mo. Purchase price stands at $215,000, and rental yield measures 8.37% with $1,500/mo rent. Return on cash invested shows 24.25% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 125.65% and total cumulative return in cash records $89,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Townhouse
Built in 1982
2,744 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89801, Elko, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,807 (100%) |
| Owner Occupied HU | 6,452 (59.7%) |
| Renter Occupied HU | 3,506 (32.4%) |
| Vacant Housing Units | 849 ( 7.9%) |
| Median Home Value | $337,031 |
| Average Home Value | $386,280 |
Housing Distribution
Address Breakdown
Residential
10,290
Single Family
9,892
Multi-Family
398
Businesses
1,044
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