255 N Sierra St UNIT 616RenoNV89501
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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 Reno at 255 N Sierra St UNIT 616, Reno, NV, 89501 listed at $367,500 pairs $2,130/mo rent with a $1,799/mo payment. Total monthly income runs $2,130/mo. Return on cash invested measures 14.08% in year one, and rental yield registers 6.96% at a $367,500 basis. Equity gained on principal adds $2,371/yr, and annual property appreciation at 5% supports $101,533 by year five. Five-year ROI tracks 73.17% and total cumulative return in cash totals $89,136. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,130/mo property income relative to a $1,799/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
871.20 sqft lot
$N/A/sqft
$584 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89501, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,589 (100%) |
| Owner Occupied HU | 618 (17.2%) |
| Renter Occupied HU | 2,200 (61.3%) |
| Vacant Housing Units | 771 (21.5%) |
| Median Home Value | $620,040 |
| Average Home Value | $674,548 |
Housing Distribution
Address Breakdown
Residential
2,166
Single Family
726
Multi-Family
1,440
Businesses
639
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Listed by: John Arnold • Dickson Realty - Damonte Ranch
Mls Name: NNRMLS
Mls Provider:
Mls ID: #250000719
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