1686 Sue WaySparksNV89431
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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 Sparks at 1686 Sue Way, Sparks, NV, 89431 listed at $318,000 pairs $2,291/mo rent with a $1,556/mo payment to leave $254/mo cash flow. Total monthly income runs $2,291/mo, and annual cash flow reaches $3,049/yr on $105,417 cash to close. Return on cash invested measures 22.8% in year one, and rental yield registers 8.65% at a $318,000 basis. Equity gained on principal adds $2,052/yr, and annual property appreciation at 5% supports $87,858 by year five. Five-year ROI tracks 118.67% and total cumulative return in cash totals $125,099. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,291/mo property income relative to a $1,556/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89431, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,074 (42.0%) |
| Renter Occupied HU | 8,987 (53.3%) |
| Vacant Housing Units | 799 ( 4.7%) |
| Median Home Value | $383,516 |
| Average Home Value | $472,222 |
Housing Distribution
Address Breakdown
Residential
15,835
Single Family
12,721
Multi-Family
3,114
Businesses
2,572
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Listed by: Heidi Somhegyi • RE/MAX Gold
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250003940
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