2755 Elsie Irene LnRenoNV89503
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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 2755 Elsie Irene Ln, Reno, NV, 89503 offers a 7.17% rental yield on a $391,500 purchase with $2,339/mo rent. 9% in year one. Equity gained on principal adds $2,526/yr while 5% annual appreciation supports $108,164 over five years. Portfolio math shows five-year ROI at 102.5% and total cumulative return in cash at $133,031. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,339/mo property income against a $1,916/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2018
1,063 sqft lot
$N/A/sqft
$28 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 89503, Reno, NV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,891 (100%) |
| Owner Occupied HU | 6,014 (43.3%) |
| Renter Occupied HU | 6,842 (49.3%) |
| Vacant Housing Units | 1,035 ( 7.5%) |
| Median Home Value | $491,907 |
| Average Home Value | $559,867 |
Housing Distribution
Address Breakdown
Residential
12,606
Single Family
10,268
Multi-Family
2,338
Businesses
607
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