1633 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 1633 Icelandic Way, Reno, NV, 89523 earns $427/mo cash flow from $3,026/mo rent with a $2,202/mo payment. Total monthly income totals $3,026/mo, and annual cash flow totals $5,119/yr on $149,142 capital. ROI tracks 23.34% on current figures, and rental yield reads 8.07% at a $449,900 purchase. Equity gained on principal adds $2,903/yr, and 5% annual appreciation supports $124,299 over five years. Five-year ROI reaches 120.71% and total cumulative return in cash sums $180,034. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,026/mo property income instead of your 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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