190 E Cedar StFernleyNV89408
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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 Fernley at 190 E Cedar St, Fernley, NV, 89408 offers a 7.98% rental yield on a $309,575 purchase with $2,059/mo rent. Total monthly income registers $2,059/mo, and a $1,515/mo payment leaves $271/mo available for distribution. Annual cash flow reaches $3,246/yr on $102,624 to close, and return on cash invested stands at 23.07% in year one. Equity gained on principal adds $1,998/yr while 5% annual appreciation supports $85,530 over five years. Portfolio math shows five-year ROI at 119.29% and total cumulative return in cash at $122,418. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,059/mo property income against a $1,515/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89408, Fernley, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,552 (100%) |
| Owner Occupied HU | 6,617 (69.3%) |
| Renter Occupied HU | 2,502 (26.2%) |
| Vacant Housing Units | 433 ( 4.5%) |
| Median Home Value | $369,852 |
| Average Home Value | $401,265 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,996
Multi-Family
98
Businesses
490
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Listed by: Jake Kellames • Stitser Properties
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250051279
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