259 Tramway DrStatelineNV89449
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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 Stateline at 259 Tramway Dr, Stateline, NV, 89449 priced at $353,800 converts $2,344/mo rent into $299/mo cash flow after a $1,732/mo obligation. Total monthly income equals $2,344/mo, and annual cash flow totals $3,594/yr on $117,285 invested. Return on cash invested prints 22.97% in year one, and rental yield reads 7.95% against a $353,800 entry. Equity gained on principal adds $2,283/yr, while 5% annual appreciation compiles into $97,748 by year five. Five-year ROI reaches 118.75% and total cumulative return in cash sums $139,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,344/mo property income covering a $1,732/mo payment, not borrower’s personal income.
Apartment
Built in 1979
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89449, Stateline, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,201 (100%) |
| Owner Occupied HU | 919 (41.8%) |
| Renter Occupied HU | 576 (26.2%) |
| Vacant Housing Units | 706 (32.1%) |
| Median Home Value | $966,204 |
| Average Home Value | $1,075,650 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
224
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