1628 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 1628 Prancer St, Reno, NV, 89523 with 5% annual appreciation on a $481,990 basis while $3,120/mo rent supports operations. Total monthly income totals $3,120/mo and a $2,359/mo payment preserves $335/mo for cash returns. Annual cash flow comes to $4,023/yr on $159,780 deployed, and return on cash invested reaches 22.43% in year one. Equity gained on principal adds $3,110/yr, and five-year appreciation sums $133,165 alongside rental yield of 7.77%. Five-year ROI measures 115.81% and total cumulative return in cash totals $185,045.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,120/mo property income versus a $2,359/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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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