2168 Cannonball RdSparksNV89431
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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
Rental property for sale in Sparks at 2168 Cannonball Rd, Sparks, NV, 89431 priced at $275,000 converts $2,185/mo rent into $596/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,185/mo, and annual cash flow totals $7,153/yr on $91,163 invested. Return on cash invested prints 27.76% in year one, and rental yield reads 9.53% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 144.43% and total cumulative return in cash sums $131,663. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,185/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Condo
Built in 1980
43.56 sqft lot
$N/A/sqft
No 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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