1883 Cambridge Hills CtRenoNV89523
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Reno at 1883 Cambridge Hills Ct, Reno, NV, 89523 offers $2,592/mo rent that, after a $2,984/mo payment. Total monthly income is $2,592/mo. Return on cash invested measures 14.35% in year one, and rental yield stands at 5.1% at a $609,600 entry. Equity gained on principal adds $3,934/yr while 5% annual appreciation compounds into $168,421 by year five. Five-year ROI records 72.51% and total cumulative return in cash reaches $145,430. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,592/mo property income versus a $2,984/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
7,965 sqft lot
$N/A/sqft
$24 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices