2427 N 5th StElkoNV89801
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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 Elko at 2427 N 5th St, Elko, NV, 89801 uses $122,224 cash to close to unlock $10,186/yr annual cash flow and $849/mo monthly cash flow. Total monthly income runs $3,088/mo, and a $1,805/mo payment keeps the spread at $849/mo. Purchase price stands at $368,700, and rental yield measures 10.05% with $3,088/mo rent. Return on cash invested shows 28.24% in year one, and 5% annual appreciation builds toward $101,865 over five years. Five-year ROI reaches 147.38% and total cumulative return in cash records $180,137. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,088/mo property income covering a $1,805/mo payment rather than investor’s personal income.
Townhouse
Built in N/A
1,393 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89801, Elko, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,807 (100%) |
| Owner Occupied HU | 6,452 (59.7%) |
| Renter Occupied HU | 3,506 (32.4%) |
| Vacant Housing Units | 849 ( 7.9%) |
| Median Home Value | $337,031 |
| Average Home Value | $386,280 |
Housing Distribution
Address Breakdown
Residential
10,290
Single Family
9,892
Multi-Family
398
Businesses
1,044
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