2311 Sycamore Glen Dr APT 4SparksNV89434
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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 2311 Sycamore Glen Dr APT 4, Sparks, NV, 89434 generates $2,104/mo in rent, after a $1,605/mo payment. Total monthly income is $2,104/mo. Return on cash invested sits at 17.53% in year one, and rental yield is 7.7% on a $327,900 entry. Equity gained on principal adds $2,116/yr, while 5% annual appreciation builds toward $90,593 over five years. Five-year ROI reaches 91.26% and total cumulative return in cash sums $99,203. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,104/mo property income rather than buyer’s personal income.
Condo
Built in 1982
435.60 sqft lot
$N/A/sqft
$425 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89434, Sparks, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,454 (100%) |
| Owner Occupied HU | 7,167 (57.5%) |
| Renter Occupied HU | 4,762 (38.2%) |
| Vacant Housing Units | 525 ( 4.2%) |
| Median Home Value | $490,172 |
| Average Home Value | $559,981 |
Housing Distribution
Address Breakdown
Residential
11,552
Single Family
8,809
Multi-Family
2,743
Businesses
480
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Listed by: Angela Beard • RE/MAX Gold
Mls Name: NNRMLS
Mls Provider:
Mls ID: #240014255
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