2500 Tripp Dr #6RenoNV89512
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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 Reno at 2500 Tripp Dr #6, Reno, NV, 89512 generates $2,290/mo in rent and, after a $1,211/mo payment, leaves $565/mo in cash flow. Total monthly income is $2,290/mo, and annual cash flow is $6,784/yr on $82,046 invested. Return on cash invested sits at 28.18% in year one, and rental yield is 11.1% on a $247,500 entry. Equity gained on principal adds $1,597/yr, while 5% annual appreciation builds toward $68,380 over five years. Five-year ROI reaches 148.24% and total cumulative return in cash sums $121,625. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,290/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$295 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89512, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,690 (100%) |
| Owner Occupied HU | 3,979 (31.4%) |
| Renter Occupied HU | 7,963 (62.8%) |
| Vacant Housing Units | 748 ( 5.9%) |
| Median Home Value | $348,157 |
| Average Home Value | $421,809 |
Housing Distribution
Address Breakdown
Residential
11,312
Single Family
8,124
Multi-Family
3,188
Businesses
583
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Listed by: Becca Martinez • Harcourts Vanguard
Mls Name: NNRMLS
Mls Provider:
Mls ID: #240015609
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