2240 Saddle Ridge CtRenoNV89509
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
Investment property for sale in Reno at 2240 Saddle Ridge Ct, Reno, NV, 89509 earns from $3,821/mo rent with a $3,463/mo payment. Total monthly income totals $3,821/mo. ROI tracks 18.68% on current figures, and rental yield reads 6.48% at a $707,600 purchase. Equity gained on principal adds $4,566/yr, and 5% annual appreciation supports $195,497 over five years. Five-year ROI reaches 95.69% and total cumulative return in cash sums $222,758. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,821/mo property income instead of your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89509, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,899 (100%) |
| Owner Occupied HU | 9,041 (50.5%) |
| Renter Occupied HU | 7,979 (44.6%) |
| Vacant Housing Units | 879 ( 4.9%) |
| Median Home Value | $704,008 |
| Average Home Value | $783,053 |
Housing Distribution
Address Breakdown
Residential
16,680
Single Family
13,614
Multi-Family
3,066
Businesses
1,226
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices