2305 Michael DrCarson CityNV89703
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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 Carson City at 2305 Michael Dr, Carson City, NV, 89703 uses $114,368 cash to close to unlock $3,231/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $2,263/mo, and a $1,689/mo payment keeps the spread at $269/mo. Purchase price stands at $345,000, and rental yield measures 7.87% with $2,263/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 117.48% and total cumulative return in cash records $134,356. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,263/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1965
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89703, Carson City, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,676 (100%) |
| Owner Occupied HU | 3,569 (62.9%) |
| Renter Occupied HU | 1,818 (32.0%) |
| Vacant Housing Units | 289 ( 5.1%) |
| Median Home Value | $579,584 |
| Average Home Value | $619,399 |
Housing Distribution
Address Breakdown
Residential
5,135
Single Family
4,698
Multi-Family
437
Businesses
337
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Listed by: Dail Cook • RE/MAX Gold
Mls Name: NNRMLS
Mls ID: #250058071