275 Tramway Dr APT CStatelineNV89449
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 275 Tramway Dr APT C, Stateline, NV, 89449 generates $3,784/mo in rent, after a $3,661/mo payment. Total monthly income is $3,784/mo. Return on cash invested sits at 17.44% in year one, and rental yield is 6.07% on a $748,000 entry. Equity gained on principal adds $4,827/yr, while 5% annual appreciation builds toward $206,659 over five years. Five-year ROI reaches 89.02% and total cumulative return in cash sums $219,074. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,784/mo property income rather than buyer’s personal income.
Condo
Built in 1973
871.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices