1630 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
Investment property for sale in Reno at 1630 Icelandic Way, Reno, NV, 89523 uses $150,498 cash to close to unlock $5,964/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $2,222/mo payment keeps the spread at $497/mo. Purchase price stands at $453,990, and rental yield measures 8.25% with $3,120/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $125,429 over five years. Five-year ROI reaches 123.53% and total cumulative return in cash records $185,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $2,222/mo payment rather than investor’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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